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The implicit tax on earned income means that as one's earned income increases marginally, that person and his/her family may lose benefits from government assistance programs such as TANF and SNAP. This is classified as an unintended consequence of these types of assistance. How does this affect the incentive to work as opposed to not work? Do you consider this to be fair?
What would be the effective rate of protection on bicycles in China if China places a 50 percent tariff on bicycles, which have a world price of $200, and no tariff on bike components, which together have a world price of $100?
Suppose that the real interest rate in an economy is 6%. Real GDP grows by 2.75% a year. The new chief economic adviser to the government argues that a tax increase of $20 billion will generate huge bene?ts because the real interest rate is much l..
Is there a good or service you purchase currently that is sold in something close to a perfectly competitive market?
When introducing a product to another country or culture you have to be careful to not offend anybody. Things seen here and done here may be offensive elsewhere. Things here may need to be altered slightly to sell and be presentable in other pla..
Elucidate what is the cross elasticity of demand for pipes and pipe tobacco.
Prefer this existence of incomplete specialization. Which is (are) inconsistent with the incomplete specialization we observe in China.
In most cases, the total value of a nation's output (GDP) is underestimated. Discuss this with particular reference to the concept of "underground economy". How does the issue of illegal immigration (undocumented immigrants) factor into the equati..
What are the two problems facing the Bank of Canada in trying to control the money supply precisely?
Write an article critique on labor relations (attached) with the following guidelines and questions. There is a minimum requirement of 750 words for the article critique.
Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under National click on Gross Domestic Product (GDP), then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables, click "Be..
In order to financially stimulate the nation, the Federal government injected $900 billion dollars into the economy. However, the results were less than spectacular. One reason could have been a failure to understand the marginal propensity to co..
If the transaction is included, determine which component of final expenditure it represents. If the transaction is excluded, explain why - Calculate nominal GDP in years one and two and calculate real GDP in years one and two assuming that year o..
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