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The Power to Say No
There is no Constitutional requirement that individual states must accept monies offered by the federal government to support needs affecting their citizens. However, given the challenging budgetary and fiscal realities that most states face today, the acceptance of federal aid is something that is a given, and is rarely turned away. Do you believe that states have a responsibility to turn away federal funding when conditions attached are fundamentally at odds with the beliefs of a majority of members of a given state legislature? Should states increase taxes and increase user fees (among other revenue generators) to compensate for funds declined from Washington? Do states fundamentally lose integrity when they accept money for projects, programs, and processes with conditions attached with which they fundamentally disagree?
Assume that there are two power generating plants that emit SO 2 (sulphur dioxide). In the absence of regulation they each emit 10 tons of pollution per month.
Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.
Suppose a frost kills a large portion of an orange crop, with a resulting higher price of oranges. It has been said that such an increase in price benefits no one since it cannot elicit a supply response; the higher price, it is said, simply "line..
Briefly discuss and illustrate the circumstances under which the minimum wage would (1) not lead to unemployement, amd (2) not cause a reduction in the total earnings of low-wage workers who are still employed.
Illustrate what effects would their combined actions have on GDP. Illustrate what effect would this have on your industry.
Compute total revenue, marginal revenue, total cost and profit at each quantity. What quantity would a profit-maximizing publisher choose? What price would it charge?
Each of the following headlines describes an event that will have an effect on desired aggregate expenditure
Discuss how labor market mobility affects the unemployment rate.
Short term Treasury bills [3 and 6 month] have current annual rates of interest around 0.5%. Use that info plus your best forecast of inflation to calculate the real rate of interest on those bills.
Top Gun Marketing, Inc., offers overhead banner fly-by promotion services using their Cessna aircraft and banner creation facilities.
Write a 700- to 1,050-word paper in APA format describing the effects of taxation and price controls on the economy.
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).
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