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Research one orphan drug and its manufacturer. Describe how it has benefited society.
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. ..
Discussion topic: You often hear about the trade-off between risk and reward. Is this trade-off part of the decision making under uncertainty when the decision makers use the Expected Monetary Value (EMV) criterion? For example, how does this work in..
the net profit earned in business rs 60000 but the net sales occurred during the year are rs. 300000.compute the net
Richer individuals will prefer higher levels of government expenditure than poorer ones if A. Taxes are proportional to income. B. Income elasticities of demand for public goods are less than 1. C. Taxes are uniform. D. The median voter’s income is l..
Explain how the corporate income tax leads to the double taxation of some income. Why do we allow corporations to subtract depreciation from taxable corporate
Summer concerts are a pure public good in the town of Bucktown, The marginal social cost of each concert every night is at $500. Explain why it would be inefficient to require each resident of Bucktown to hire their own band at $500 for each concert.
Assume an economy consisting of a consumption sector, a government sector, a foreign sector, and a business investment sector. (C + I + G + X = GDP). Also assume that the Marginal Propensity to Save (MPS) = 0.2. If government spending increases by $7..
Discuss the Greek situation by firstly providing background information on the situation.
The supply of urban land increases in response to increases in demand. Most economists think rent should be abolished. Pierre-Joseph Proudhon and Henry George took similar stands on rent. Economic rent is the payment above the minimum necessary to at..
Joe won $365,000 a year for life in the state lottery. Use the labor-leisure choice analysis to answer the following. show how Joe's lottery winnings affect the position of his budget line. Joe's utility function for goods per day (Y) and hours of le..
Investment project R is estimated to have a net present value of $450,000 at a discounting factor of 11% and a net present value of $50,000 at a discounting factor of 13%.
Assume a discount rate of 7 percent and calculate the effective rent over three years when net rent charges are $22 in the first year, $37 in the second year
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