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Explain what is meant by the terms, vertical equity, horizontal equity and the Ramsey rule. A city is considering imposing excise taxes on the following items to raise revenue to finance the construction of a new stadium for the major league baseball team that plays in the city. Evaluate the following taxes from the standpoint of vertical and horizontal equity.
a) jewelry
b)cigarettes
c) stock market transactions
d) tickets to baseball games
The question related to Economics and it explain about the Federal Reserve system. The structure of the Federal Reserve system and its independence from the government has been discussed in the answer.
Suppose that perfectly competitive firm faces the market price (P) $5 per unit, and at this price the upward-sloping portion of the firm's marginal cost curve crosses its marginal revenue curve at an output (Q) level of 1,500 units.
The federal government is planning a hydroelectic project cor a river basin. In addition to producing electric power, this project will provide flood control, irrigation, and recreational benefits. Find the benefit-cost ratio for each alternative.
Explain why the negative income tax plan is likely to be more expensive than the currnet system of assistance to the poor. What are the advantages of wage rate subsidies - Explain how the program increases earnings for low-income workers and affect..
Determine how the issue of time affects the consumptive choices you make. Provide specific examples to support your response and discuss ways that the relative scarcity of personal savings in the U.S. may impact business growth.
consider the case of a single polluter and regulator. the regulator knows the marginal benefit of pollution abatement
Compare the impact on pre-recorded music compact disks and the cabinet maker''s work of an economic expansion that increases consumer incomes by 20 per cent.
What are the benefits and disadvantages of a private-label brand vs. a national-manufacturer brand? Consider this from both the retailer's and customer's viewpoints.
define protectionist policies and describe how the imposed restrictions work and analyze the impact of such
Which of the following statements below support how revenues of the relevant firms would change given the following events: Oil well in Eastern Pennsylvania close because of environmental violations reducing the annual revenue to drillers in eastern ..
The question is an Article Review and it is belongs to Economics. The title of the article is "Rich man, Poor man" by James Fryer. And it talks about the income inequalities spreading through globalization.
Evaluate the economics of the proposal using (a) the modified B/C analysis from the State of Georgia perspective and (b) the profitability index from the Young corporate viewpoint in which disbenefi ts are not included.
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