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1. Is gross domestic product an accurate measure of the standard of living? Why or why not?
2. Describe the effect on GDP, unemployment, and inflation of each of the following:
(a) war, (b) elimination of environmental regulations, and (c) cuts in welfare benefits.
3. Do you believe in the trickle-down philosophy?
4. Consider other proposals to replace the federal income tax structure with a flat tax structure or a national sales tax. How would these alternative tax proposals affect income distribution?
5. What type of tax structure is the "fairest." What, if any, alternative tax structure would you propose to replace the federal income tax?
Consider the question of whether the United States should adopt a gold standard, remain in the current float-based system, or use some other system. Consider the impossible trinity mentioned above and carefully define all terms and concepts t..
As with this data how could you make the cost benefit test to tell if at a given percentage level abatement is effiecient.
What is the sacrifice ratio in this case? What is the role of central bank credibility in disinflation process and For how many years must the central bank keep the unemployment rate above the natural rate of unemployment
Sheldon Corporation loans $80,000 interest-free for one year to Lynn, an employee. Assume that the applicable federal rate of interest is 5 percent. Lynn uses the loan to pay for personal debts.
What is a government budgetdeficit? How does a federal budget deficit affect the economy? Howdoes it affect the level of investment and interest rates? How doesit affect the individual consumer? Give at least three examples inyour response.
assume there are two types of consumers type a consumers have a demand q 10 ? p for widgets and consumers of type b
Elucidate how the firm can use transfer costs to lower the corporate tax burden, which is 34% in the U.S. and 30% in the foreign location.
What is the hypothesized elasticity of demand for one product/service that is produced by the company (or a product/company you are familiar with)?
In October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4%.
Analysis the most recent issue of International Economic Trends, published through the Federal Reserve Bank of St. Louis. You will notice percent (%) changes in economic data for 7-countries and Euro Area.
social problem where free marketplace are not allowed to function and describe how free market features could be introduced to help alleviate the problem.
some have argued that higher cigarette prices do not deter smoking. while there are many arguments both for and against
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