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1. Should governments force people to be in school? Why or why not?
2. Resource allocation will be less distorted if taxes are levied on goods and services (in- cluding types of labor) that are in inelastic supply-that is, where changes in the price sellers receive does not change supply much. But would this generate a fair system of taxes? What con?icts might arise between the design of a tax system that generates small distortions and one that is equitable?
Susie says that today such a house costs $220,000 and such a jacket costs $70. The CPI in 1938 was 14.1 and in 2008 it was 215.3 - Which house and which jacket have the lower prices?"
It is estimated that the annual heat-loss cost in a small power plant is $5,200. Two mutually exclusive proposals have been formulated that will reduce the loss. Proposal A will reduce heat loss by 60% and cost $3,000.
Wages after inflation rise for most Americans by about 3% and for highly skilled workers by 7%. The stock market soars and home prices rise dramatically. If all other things are equal, what is the likely effect on the poverty rate
Suppose that you are a consultant to a firm that publishes books. Suppose that the firm is about to publish a book that will sell for $24 a copy. The fixed coat of publishing the book are $7200, the variable cost is $18 a copy. What is the breakeven ..
Evaluate the Clean Air Act and determine if it has been effective from an economic standpoint. Explain your reasoning. Based on your evaluation of the Clean Air Act and additional efforts to address pollution, make policy recommendations that woul..
Do you think this intervention was necessary and what are the consequences of this intervention? What might have happened if they had not intervened?
From 1950 to today, government spending on Social Security, Medicare, and Medicaid as a percentage of GDP has
The problem belongs to Economics and it is describe about the ways in which we become more connected globally and how close we actually are in achieving globalization has been given.
Imports of peanuts into the United States are subject to a quota, set at about 1.7 million pounds per year. a. Illustrate the free-trade equilibrium in the market for peanuts. Then show the quota's effects on domestic consumption, domestic production..
What is an example of a normal good and an inferior good - Why did you classify them as normal and inferior goods?
Compute the short run total product, average product of labor and marginal product of labor for all numbers of L between 0 and 7.
A $90,000 investment is made. Over a 5 year period, a return of $30,000 occurs at the end of the first year. each successive year yields a return that is $3,000 less than the previous year's return.
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