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Most people want taxes to be fair. Yet there are strong disagreements over what constitutes tax equity. Using an example and the concepts of equity. Which principle of tax equity-the benefit principle or the ability-to-pay principle-is in closest agreement with your personal idea of what is fair?
Essay on Market imperfection associated with negative externalities.
Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion i..
Assume Winter Sports a hypothetical French retailer of snowboards needs to order 5,000 snowboards made in the United States.
A worker in Equador can earn $3 per day making cotton cloth on a hand loom. A worker in the United States can earn $70 per day making cotton cloth with a mechanical loom. What accounts for the difference in wages? Any point on a country's productio..
The key feature of the production function is that the marginal impact of capital per worker k = K/L on Y/L decreases as K/L increases.
The cenima manager observes that the increase in price causes attendance at a given movie to fall from 300 persons to 200 persons.
Find out an output which maximizes the total revenue. Calculate the price elasticity of demand at this output.
Dinkel Manufacturing Company accumulates the following information relative to jobs started and finished during the month of June 2008.
Suppose the Lexington mayor caps the amount police can ne speeding motorists at $500. The police vow to step up enforcement in order to cintinue to deter speeding. How high must the probability of being caught speeding be in order to deter most pe..
A rise in corporate income taxes increases the investment in physical capital for any given interest rate.
Many Indian mothers weren't willing to make an investment in the company's educational toys because research showed they didn't perceive the play things as potential learning tools. But a shift in attitude began about two years ago.
Assume the market demand curve in an industry is characterized by P=1-Q, where P is the market price and Q is the total quantity supplied to the market. Assume there are three firms in this industry.
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