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There is always debate regarding the structure of the current income tax system in United State Many opponents of the current system argue that under its current structure, many wealthy households are able to avoid taxes and for most households, the tax system is simply too complicated and confusing. One solution that has been proposed is the "flat tax." What are the benefits and detriments of replacing the current income tax system with a flat tax system? Who benefits and who might be harmed? What implications does the flat tax system have for tax preparation companies such as H&R Block?
In 2008, Federal Reserve Bank Chairman, Ben Bernanke, and U.S. Treasury Secretary, Henry Paulson, responded to the financial crisis by intervening in financial markets in unprecedented ways. Do you think this intervention was necessary? What are the consequences of this intervention? What might have happened if they had not intervened?
Illustrate what effects would their combined actions have on GDP. Illustrate what effect would this have on your industry.
"A substantial number of relatively unskilled persons reported that they can't find work. At the same time, there're many unfilled jobs for relatively skilled people. Apparently, the problem is that there're more unskilled peop..
Elucidate what are the effects of monetary policies on the economy's production and employment.
You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:
Illustrate what would shoppers see when they shopped in Wal-Mart and the other "big box" stores that sell so many imported items
Intra-industry trade comprise countries exporting and importing the same or very similar goods. Why would countries export and import the same or similar products.
Illustrate what is the estimated elasticity of demand for new brand cars with respect to the price of gasoline.
Use the utility function to answer the questions, below: (x1, x2) = exp (√(x 1 ) + √(x 2 )-Derive the Marshallian (ordinary) demand function for good1 and 2, x i *(p,l), i =1,2 . Then derive the indirect utility function (p,l).
Elucidate how the multiplier effect would support Keynes explanation alsp explain how economies can fall into recession or depressions.
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Assume you have an industry with 20 firms and the CR is 30 percent. How would I describe this industry?
What is the marginal physical product of the fifth worker? What is the weekly wage of the fifth worker? What does the price of output need to be in order for the firm to profit from hiring the fifth worker?
Elucidate why not the change in the price of military goods will be reflected in how the United States measures inflation.
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