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Which of the following statements suggests that property taxes might be progressive?
a. The proportion of income spent on housing tends to decline as income rises.
b. Higher-income people live in more expensive houses than do low-income people.
c. A large part of the property tax is shifted to renters, who typically have lower incomes than owners.
d. Inner city neighbourhoods often have higher property taxes than do the more affluent suburbs.
e. Elderly pensioners often live in their family homes after children have left.
Assume a machine which has a useful life of only one year costs $2000. Assume, also, that net of such operating costs as power, taxes and so forth, additional revenue from output of this machine is expected to be $2300. What is rate of return on ..
Assume the U.S. government implements a policy that achieves the savings rate needed to achieve the golden rule level of capital.
Explain how can tax cuts help revive the economy include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of these and/or other terms from this week.
Canada increased from 7,500 kg per month to 8,000 kg per month. Use calculated elasticity to comment on substitutability or complementarity of coffee and tea
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
Identify at least three such factors that, in your view, should be included in the GDP calculations; then elucidate and illustrate how could they will help to improve the GDP as a tool for measuring the well-being of a nation.
The yearly demand for coffee by U.S. consumers is given by the demand curve QD=250-10P, where Q is quantity.
What is the probability that the cost will be between $300 and $400? (to 4 decimals) d.If the cost to a patient is in the lower 8% of charges for this medical service, what was the cost of this patient’s emergency room visit?
jim bradley is the director of the bradley bakery. he has collected data on his store for the past year. he developed a
q1. explain why is dispute among international dependency and the neoclassical counter-revolution schools referred to
q. there are three major network affiliate television stations in hicksville rbc cbc and mbc. all three stations have
In the short run, a firm's total costs of producing 100 units of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150. Illustrate what is marginal cost of the 101st unit of output.
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