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A system of progressive taxation and benefit payments to households on low incomes will: O a. reduce inequality, move the Lorenz curve further away from the line of equality, and reduce the GINI coefficient. O b. reduce inequality, move the Lorenz curve closer to the line of equality, and reduce the GINI coefficient. O c. reduce inequality, move the Lorenz curve closer to the line of equality, and increase the GINI coefficient. O d. reduce inequality, move the Lorenz curve further away from the line of equality, and increase the GINI coefficient. O e. redistribute income from rich to poor, causing inequality to increase and the Lorenz curve to move further away from the line of equality.
Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy. Illustrate what effect would your suggestions have on production and employment.
Explain the changes in equilibrium price and quantity you expect for that market. A graph is not required; however, it is helpful and illustrative that you fully comprehend this week’s material.
A bakery currently sells chocolate chip cookies at a price of $16/dozen. The marginal cost is $8/dozen. The cookies are becoming more popular with customers, an
If the price of motel room increases by 10% while the prices of other goods and services increase by 5% on average, the relative price of motel room has?
What are voluntary export restraint agreements? Why do some governments force foreign exporters into them instead of just using quotas or tariffs to restrict imports by the same amounts?
Define fragmented and consolidated industries. What are the differences between these two types of industries? What opportunities and advantages do consolidated industries offer that fragmented industries do not?
Illustrate what are the laws governing "involuntary treatment" in state of Pennsylvania? Describe the process who makes the decisions, how long the treatment can last, etc, for state of PA.
Draw a supply and demand model for one of the Hepatitis C drugs. Show what would happen if supply of the drug increased or decreased.
Assume x and y are the only two goods a person consumes. If after a rise in Px the quantity demanded of y increases, one could say
C.E. Stumpf & sons, Inc., was formed to conudct a masonary and general contracting business. the corporation waso owned in equal shares by Stumpf and his two sons, who had previously operated the same business as partners. He brought suit seeking inv..
For question 1, assume that a firm is maximizing profits. 1a. If the price is $10 and marginal revenue is $6, what is the price elasticity of demand?
In a two year setting Rod has earnings of $ 8 000 this year and earnings of $ 25 , 0 00 next year. He can borrow or lend at an interest rate of 25%. Draw his budget line including endpoints. What is the slope of the budget line? What is the inter pre..
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