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No income maintenance program
Consider a country with no income maintenance program that enacts an Earned Income Tax Credit similar to the US.
a) Among all working people, will this program lead to a reduction in hours worked? prove your answer either graphically or mathematically. state all assumptions.
b) What are the expected effects on labor force participation according to your model?
c) What does empirical evidence on the U.S. experience with the Earned Income Tax Credit predict will be the effect of the new policy?
Explain how will reduced smokers affect the GDP in the long and short run. What does increased revenue from cigarette taxes do to the deficit and budget.
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Explain how much should it be willing to pay today for the office complex.
Allan Sports sells snowmobiles in a Northern Suburb of the Twin Cities. For the third year in a row sales have been dismal.
Compute the price of the stock. A stock has a P/Sales ratio of 3. Sales per share is $16. Find the price of the stock.
You are given the following information about the personal computer (PC) industry: Find the NRP and the ERP. Show all calculations and formulas.
Illustrate what type of fiscal policy did the Congress enacted while the effects of Hurricane Katrina.
A major competitor cut their price also the industry sales declined to 8000 shoes per month, If the company wishes to restore
Elucidate each auto industry structure correctly. provide an analysis of market structure requirements including number of firms, uniformity of products.
Japan has traditionally had an employment system characterized by a "lifetime" employment relationship between employer and employee and salaries that are based on length of service with the employer-starting low
Illustrate what did the USA do like other countries as well after the first oil price shock.
Find out the price elasticity of demand regarding to the money price using "arc elasticity."
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