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Some years ago, the Federal government cut the GST (the federal sales tax on goods and services which Ontario later blended into the PST to create the HST) by two percentage points. The federal government could have transferred this cut to income taxes instead, i.e. it could have decreased taxes on income instead of on the GST. Sources of income that taxes are paid on include labour (work) as well as investment earnings. Assuming that taxes are to be cut, which tax cut do you believe is more beneficial for long run economic growth, a GST/HST reduction or an income tax reduction? Assume that either of the reductions would be revenue neutral, i.e., the federal government would forfeit the same amount of revenue with either tax that is cut.
Let P = 53-Q be a consumer's long-run demand curve for gasoline, and P= 103-2Q be the consumer's short-run demand curve,
Each of the policies described above may lead to an increase in the long-run level of investment spending in the economy. Using a diagram of the aggregate production function, show that any such increase will lead to an increase in the future leve..
Identify a local government's governing law regarding emergency management. Local laws often are called ordinances and are compiled in a code of ordinances.
An increase in money supply influences nominal GDP and not real GDP - change in the quantity of money in the economy is a good indicator of the monetary policy
Illustrate what can you determine about consumer demand for your product from this information
In the United Stats, a three-pound can of coffee costs $5. If the exchange rate is 0.6 euros per dollar and three-pound can of coffee in Belgium costs t 4 euros. What is the real exchange rate? (please show work)
What is the four-firm concentration ratio in this industry Show all calculations and explain what a concentration ratio.b) What is the Herfindahl index for this industry Show all calculations and explain what a Herfindahl index .c) Suppose..
Explain how do changes in interest rates, inflation, productivity and income affect exchange rates.
Illustrate what is the effect of an import quota on the supply and price of domestic sugar. How many units of sugar will domestic produces supply after the quota is imposed.
ECON 201- What is Japan's opportunity cost of one car? Suppose Korea decides to increase its production of cars by 18. What is the opportunity cost of this decision? In what product Japan has an absolute advantage?
Provide an executive summary of the main points of the case. Identify and describe the various cultures and differences in those cultures within SAP's changing environment and employee workforce.
Large-denomination time deposits: $ 304 billion Currency and coin held by nonbanking public: 438 billion
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