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What are vertical equity and horizontal equity?
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?
How will an increase in physical capital affect labor productivity, labor demand, and potential GDP?
Question: What are some of the pros and cons of technology taking the place of soldiers on the battlefield? For example, while the use of robots can help to minimize our soldiers' risks for injury/death, could it also desensitize us to the horrors..
The short-run price elasticity of demand for tires is 0.90. The mid-point formula was used for this calculation. The price elasticity of demand for gizmos is known to be 1.0 (in absolute value). Mark is selleing gourmet apples at a price of $2 per po..
Illustrate what are the factors that determine the demand for and provide of money.
Consider the following market supply: QS = c, where c > 0. At price P = 0.5(a/b), the absolute value of the price elasticity of this market supply is [e]. (NOTE: Write your answer in number format, with 2 decimal places of precision level; do not wri..
Suppose Sony develops a chip that can be implanted in someone’s head, allowing them to access the internet through their minds. No other company has the technology necessary for this, so Sony has a monopoly. Now suppose the demand for the implant shi..
Consider a Cournot duopoly with the inverse demand p = 130 - Q. Both firms have constant marginal and average cost MC = AC = 10. Find the Cournot-Nash equilibrium output and profit of each firm. Calculate the con-sumer surplus and DWL.
Bob hires Johnny to sell newspapers. Bob tells Johnny to sell the newspapers for $1.00 each. Bob has given Johnny what type of authority? A female who believes that she is being paid less than her male colleague may be able to claim that the pay diff..
Newspaper reports frequently suggest that the administration (regardless of who is president) wants the fed to lower interest rates. Why do you think that might be the case?
suppose the quantity of good x demanded by individual 1 is given by x1 10 ?? 2px 001i1 04py and the quantity of x
A dentist might charge his patient a cancelation fee if the patient didn't give the debris 24 hours notice they were going to cancel. the justification to this fee is: Division of labor is breaking down the production of a good into separate tasks.
Bank of Canada sets monetary policy to try to achieve an annual 2% increase in consumer price index. Is the CPI a good index of your cost of living? Why or why not? is there a better measure of the cost of living?
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