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You just won a contest and have been appointed State of CT Tax Commissioner (you might be asking, why did I enter such a contest? :)). Your primary goal is twofold: raise revenue and make the tax code more efficient. You have to decide which goods to tax, which goods to raise taxes on and which good to lower taxes. Consider your knowledge of elasticity, supply and demand. You need to close a $500 million budget gap for the State.
1. Medical services, electricity and fruits and vegetables are not taxed. Should you start to tax these? Explain your answer.
Assume that the company's is considering a merger. The possible merger currently faces some threats and that the industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new sc..
Greece, Portugal, Ireland and Spain are all members of the European Union. All have gotten themselves into sovereign debt trouble (the government can’t pay its debts). Greece recently received a bail-out package from the EU after months of drama. Spa..
What is the Beige Book? What type of information does it contain? give some examples from the most recent edition and discuss the uses and effect of the three major tools of monetary policy.
What are the three questions that must be answered in order to determine the consumers' willingness to pay in a mixed market of cars with both Lemons and plums?
You are the head of the central bank and you want to maintain 2 percent long - run inflation, using the quantity theory of money. If the real GDP growth is 4 percent and velocity is constant, what must the growth rate of money be to the inflation tar..
For each of the following calculate each of the multipliers and determine how a 100 billion dollar increase in government spending would affect total spending in the economy: Determine the spending, tax, and balanced budget policy multiplier. Identif..
Each of the readings and videos for this part of the class had an actual point of view. They were grounded in particular political values with political norms, assumptions and goals, some of which are explicit and some of which are not stated. In oth..
Explain how competition in markets can often provide incentives for the invention of new technology. Using the ideas of social benefit and privaate benefit, explain the concept of a positive externality. Why does new technology have positive external..
quickly discuss the problems of measuring productivity in actual work situations. how might productivity be measured
You have maxed out your $10,000 credit card, which is being charged 12.8% interest compounded daily. What is the minimum monthly payment to continue to break even? How much should you pay each week to get out of debt within one year?
From the e-Activity, identify the company, the accounting impropriety or illegality, how it was detected, the outcome, and propose a strategy that might have prevented the situation. Indicate how the strategy should be implemented.
Some medical clinics participate in the testing of drugs that are still in the experimental stage. In such situations the Food and Drug Administration stipulates that the physician must explain to the patient the nature of the drug, its possible bene..
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