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Temporary Assistance for Needy Families(TanF)
Consider an income guarantee program with an income guarantee of $5,000 and a benefit reduction rate of 40%. A person can work up to 2,000 hours per year at $10 per hour. 1. Draw the person’s budget constraint with the income guarantee. Be sure to place appropriate labels similar to those found in the slides/lecture. 2. Suppose that the income guarantee rises to $7,500 but with a 60% reduction rate. Draw the new budget constraint. Make sure it is visible. 3. Which of these two income guarantee programs is more likely to discourage work? Explain briefly.
The government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially before multiplier effects.
Explain, with examples, the meaning and nature (dimensions) of corporate social responsibility (CSR)
Some customers may have Costco membership cards. How do you think their elasticity of demand for renting cars (for a week) would compare to that of non-Costco members? Depending on your response, would it then be worthwhile to offer discounts on the ..
An advertising campaign will cost $ 200 000 for planning and $ 40 000 in each of the next six years. It is expected to increase revenues permanently by $ 40 000 per year. Additional revenues will be gained in the pattern of an arithmetic gradient wit..
Suppose that the pre tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax bur..
The United States simultaneously limits imports of ethanol for fuel purposes also provides incentives for the utilize of ethanol in gasoline which raise the price of ethanol by about 15 percent.
What is the economic effect of price? ceilings?
How can you decide what type of decision is strategic? In your discussion, bring in articles or research from various sources to justify your position on this topic.
If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest total surplus that can be achieved.
Should companies have a big role in improving the world? Do you think the pharmaceutical businesses have a social responsibility to make drugs that will combat diseases that are a result of poor living conditions, even though profits will be limited?..
Consider a MONOPOLIST that vents an ozone reducing chemical into the atmosphere as a consequence of their production activities. Is this outcome efficient? Explain with the help of a diagram. Does the monopolsit have an incentive to reduce their poll..
q1. business is booming at a local fast food restaurant. it is contemplating adding a new grill and machine of french
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