Reference no: EM131413940
Assignment: The Economics of the Public Sector
Answer each question in a paragraph with a 200 + word counts.
1.
3. Using the mechanics of supply and demand, what does a tax do? How does it affect supply and demand and quantity in markets?
4. Consider how international trade affect economic well-being and consider who gains and who loses from free trade among countries, and how do the gains compare to the losses
5. Consider the term externalities and how it relates to the consumer. Consider the term negative externality and how it relates to the consumer. Consider the term positive externality and how it relates to the consumer.
6. Consider what is meant by the efficiency of a tax system? What can make a tax system inefficient? Explain the benefits principle and the ability-to-pay principle. What are vertical equity and horizontal equity? Why is studying tax incidence important for determining the equity of a tax system
7. Why is the shut-down price and quantity found at the lowest part of the AVC (average variable cost) curve?
Each question to be answered knowledgeable and not in short choppy answers. If this is not met the question will not be marked completed.
|
What legal aspects might you encounter
: What is the strategy and the competitive advantage for this company? What are the cultural differences? Organizational differences from one country to another? What legal aspects might you encounter?
|
|
What numerical summaries can you use for this data
: In Research project 5.2 we described a set of data that had been collected by Jan Schwartzkopf. What numerical summaries can you use for this data?
|
|
What makes his argument flawed or incomplete
: How does the author persuade us that his argument is valid, or conversely, what makes his argument flawed or incomplete?
|
|
Identify a public health program
: Identify a public health program in your community, city, or state. Research the factors associated with the program and provide the following: Identify a public health program
|
|
What about rfid technology for wal-mart
: What has Wal-Mart done with their supply chain to gain competitive advantages? Technology? What about RFID technology for Wal-Mart,? How have they been able to leverage technology like RFID to gain competitive advantages?
|
|
Should health departments be able to isolate
: Do you believe health departments should be able to enter your house without a warrant from a judge? Should health departments be able to isolate or quarantine you without a trial? Why or why not
|
|
What is the annual rate of inflation for each year
: The UK government publishes several values for inflation, each of which is calculated in a different way. How do the figures above compare with other published results? Why are there differences? How do these figures compare with those from other ..
|
|
Describe bridgets communication competence
: Describe Bridget's communication competence/incompetence in interpersonal situations. Critics have argued that the end of Bridget Jones's Diary feels rushed, and that the "heroic" behavior of Mark Darcy is not fully motivated in the novel. Do you ..
|
|
What will be the range of international prices for beef
: Using the linear PPF, draw the host country's PPF: show an approximate level of domestic production and consumption before and after trade. What will be the range of international prices for beef.
|