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References should be cited.
1. In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire disadvantaged people for "eligible jobs."
q1. suppose that people consume only three goods as shown in the table tennis balls golf balls bottle of gatorade2009
In a recession, needs-tested spending and induced taxes
Production possibility frontiers show the most efficiently possible production for an economy and offer information to calculate the comparative advantage. Then economies can either trade with a company that has the competitive advantage with a ne..
You are an assistant to a senator who chairs an ad hoc committee on reforming taxes on telecommunication services. Based on your research AT&T spends $15 million on related paper work and compliance costs. Depending on the locale, telecom taxes can a..
James earned $10,000 in income in his new job in Nova Scotia after the move and his employer paid him $1,000 specifically to cover the cost of the move, but doesn't specify what it can be used for.
Your business provides CDs for free to customers who pay for the English courses that you offer in Mexico. You consider the idea of mass production of the CDs in the U.S., so that you can sell (export) them to distributors or to retail stores through..
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. find the perfect competition price and quantity. calculate profit, social welfare(consumer and producer surpluses), and d..
If a consumer goes to buy an entertainment center at Best Buy for $2,000 and the mpc is .80, what will be the effect on the economy? What if the mpc really turns out to be .75? Why is there such a difference?
What is the equilibrium quantity and equilibrium price for the following demand and supply curves:
The supply and demand curves for mousetraps cross at a price of $10 apiece. There is and always has been a price ceiling of $6 per mousetrap. Now the government imposes an excise tax of $2 per mousetrap (while maintaining the $6 price ceiling). Illus..
Discuss the reason labor productivity increases when more units of output are produced per unit of labor.
Explain how the aggregate supply and Phillips curves are related to each other. Can any information be derived from one that cannot be derived from the other? How do short- and long-term Phillips curves differ? (Hint: In the long run, we return to a ..
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