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The deadweight loss of taxation increases with the square of the tax rate. Explain this proposition. What are its implications for the design of a value-added tax such as the GST in Canada? Is this a case in which efficiency considerations are diametrically opposed to equity considerations? Explain.
Discuss income elasticity as it pertains to inferior goods and to normal goods (sometimes also called superior goods).
illustrate what do you think will characterize the goods which the EU exports to the United States also the goods which the United States exports to the EU.
The company rents roller cutters and crimping machines for $16 per hour, and the marginal product of capital is 100 rollers per hour. Illustrate what do you think the previous manager should have done to keep his job.
What is the total quantity supplied to the market? As this market makes the transition to its long-run equilibrium, will the price rise or fall?
Assume that the level of GDP increased by $100 billion in a private closed economy where the marginal propensity to consume is 0.5. Aggregate expenditures must have increased by.
q.case 2 dove - building a global brand1. historically unilever has had a reputation for customizing its product
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
Find out data on wages, employment, and minimum wage laws in developing countries from the internet & summarize this information.
Explain each of the four components of GDP. An individual has 10$ million on deposit in a financial institution drawing interest. That individual has no reason to fear inflation or recessions.
Suppose two hot dog stands, Al’s & Bob’s, position themselves at different ends of a 100 yard stretch of beach. Assume there are 100 beach goers evenly distributed along the stretch of beach and travel costs are $.1 per yard. If Al charges $1 for his..
If r is 1 percent, what is Y along the LM curve? If r is 3 percent, what is Y along the LM curve? If r is 5 percent, what is Y along the LM curve?
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
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