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Suppose total tax revenue collected is proportional to output, e.g. (T = tY, where t is the tax rate, and Y is GDP). Owing to the positive IS shock, what happens to total tax revenue collected?
Two economists agree that labor market discrimination against certain workers unfairly leads to lower wages for the disfavored group. Economist X argues that government intervention is most likely necessary to eliminate this unfair treatment, Economi..
You have initial wealth of $500 and are offered the following gamble. You flip a coin and if you get heads, you win $1000. If you get tails you lose $500. What is the expected value of the gamble?
What occurs to price and quantity when supply decreases and demand is perfectly elastic. What occurs to price and quantity when supply increases and demand is perfectly inelastic.
What are benefits for travel and tourism? Do they impact society negatively or positive?
Think about a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc.)
Prepare depreciation schedule to be used for tax purposes for a $998,400 asset with no salvage value and a 10-year recovery period using the 200% declining.
Explain how the following factors affect the value of dollar vis-a-vis other currencies under a floating exchange rate system.
Each cash flow is equal to $128,000. The nominal interest rate is 12% compounded semi-annually. What single amount on Jule 1, 2015 is equivalent to this cash flow system?
q1. assume that restaurant charges 11 meal for 180 meals as well as that the marginal cost of the 180th meal is 8 in
Large and small businesses develop mission statements to explain their purposes. Some statements are excellent; others, less so.
Using the classical model, suppose desired Investment spending falls. Explain (don't just tell) how each of the following would change, if at all. Using the classical Model, suppose taxes decrease by $100 while government spending is constant. Also, ..
Explain why it is not possible for one agent to have a comparative advantage in all goods, a worked example with calculated values would be useful.
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