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Philosopher Robert Nozick makes the argument that taxation is akin to forced labor. If a person is required to work for the benefit of others against his or her will, then Nozick suggests the labor is forced. By imposing taxation on people, the U.S. government is forcing them to work for the benefit of others against their wills. Therefore, the U.S. government is subjecting its tax-paying citizens to forced labor. Do you agree? Why or why not?
Write down the IS and the LM equation. Explain why the IS curve is downward sloping and the LM curve is upward sloping. According to the Keynesian-cross analysis, if the marginal propensity to consume is 0.8, and government expenditures and autonomou..
how will my answers change if supply was perfectly inelastic. If supply was perfectly elastic. If demand was perfectly inelastic. If demand was perfectly elastic.
What is approximately maximum amount rm is willing to pay to be allowed to use e more units of input x, for e small.
Some lenders charge an up-front fee on a loan, which is subtracted from what the borrower receives. This is typically described as "points" (where one point equals 1% of the loan amount). The federal government requires that this be accounted for in ..
List three reasons a company may choose to have annual board self-evaluations to ensure that executives follow all applicable policies. How the New York Stock Exchange guidelines for independence affect corporate governance. What would the benefits a..
Suppose the mpc in an economy is .85 the apc is .09 and disposable income if 5 billion. What is the new consumption level when disposable income increases to 12 billion?
In general conclude which of the five competitive forces has the most significant impact on approach.
Suppose the market for cigarettes is characterized by the following information: Calculate the magnitude of the consumer surplus and producer surplus in the pre-tax equilibrium. Calculate the tax revenue in the post-tax equilibrium. Calculate the cha..
show which own-price elasticity of Rohan's Marshallian demand for any good is independent of his income. To show that the income elasticity of his Marshallian demand for any good is equal to 1.
To examine some of the causes of differences in income, and to describe and analyze some of the government policies that attempt to reduce poverty. To show how the Social Security program is designed, how it developed from an insurance program to a t..
Explain John Maynard Keynes's concept of effective demand. How is the employment of labor explained in this theory? How does this explanation differ from the neoclassical interpretation of the labor market?
Which of the following institutional arrangements is most likely to promote growth.
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