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Refer to Exhibit 5-2. The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S1 to S2. Approximately what percentage of the tax do producers end up paying?
Discuss the effects on a country's current-account balance from the following changes in tax rates. a. A permanent increase in the tax rate on labor income and b. A temporary increase in the tax rate on asset income
Why did the global economy fail to self-adjust during the Great Depression Specifically, why didn't sales and employment respond to the declining prices and wages as classical economists would predict
The Fed's decided to maintain its low interest-rate target in the face of a rightward shift of theAD curve in the late 1960s which led to an inflationary equilibrium. Discuss the short-run and long-run costs and benefits of the Fed's other two op..
suppose you are a monopolist operating two plants at different locations. both plants produce the same product q1 is
analyze the forms of aid to developing nations and determine which have the greatest and least amount of impact on a
If there is a natural monopoly one firm owns all the natural resources in the production of a good, such as owning the diamond mines needed to produce diamonds.
unfortunately over the last several years there have been many examples of illegal and unethical business dealings some
Consider a portfolio of three assets (A,B,C). Denote the expected returns on each asset as rA; rB; rC, respectively. Denote variances and covariance similarly. Suppose the investor will accept a maximum portfolio variance of X.
Heavy rains caused the flooding of the Mississipi River and the Missouri River as well as some of their tributaries. This flood represented an important macroeconomic shock significantly damaging the aggregate capital stock and ..
a estimate the regression in problem 5 based on table 5-6 using excels regression function in the data analysis menu.b
Find the marginal rate of substitution for both individuals and is the initial allocation pareto efficient
suppose that micronesia is a small country that imports milk thus it takes the world price of milk as given. illustrate
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