Who would pay a greater share of special income taxes

Assignment Help Microeconomics
Reference no: EM13495569

Choose ONE of the following questions and write a brief response

One Page

1) Who would pay a greater share of special income taxes: employers or workers? Explain, considering the price elasticities of supply and demand for labor. Will the deadweight loss from personal income tax in the U.S. be relatively large or relatively small? How does the price elasticity of supply of labor change for higher income workers as compared to lower income workers? Explain your answers, and then discuss how these considerations should affect U.S. income tax law.

2) Some economists argue that the government should only provide goods. All other goods can be provided by the market, with government subsidy if necessary. Do you agree with this statement? Should the government goods that are not quite pure public goods, but share some of the same characteristics? Are there economic reasons for your answers, or are you making other considerations? Explain your answers.

Reference no: EM13495569

Questions Cloud

What kind of financial product has the same payoffs : What are the possible payoffs to the equityholders at date 1 and what kind of financial product has the same payoffs? Please describe the detailed characteristics of the financial product.
A fall in the tax rate on capital will cause the aggregate : A fall in the tax rate on capital will cause the aggregate expenditure curve to shirt up and aggregate demand curve to shift to the left, all else constent
What is the focal length of the achromatic lens : n achromatic lens is made of two very thin lenses, with focal lengths f1 = -28.7 cm and f2 = +20.4 cm, What is the focal length of the achromatic lens
What is the futures price per ounce of gold for delivery : What is the 1-year interest rate implied by the spot and futures prices of bonds and what is the futures price per ounce of gold for delivery in one year?
Who would pay a greater share of special income taxes : Who would pay a greater share of special income taxes: employers or workers? Explain, considering the price elasticities of supply and demand for labor. Will the deadweight loss from personal income tax in the U.S. be relatively large or relati..
What is the expected return of the risky corp. bond : What will behis holding period return if Risky Corp. does not default and what will be his holding period return if the firm defaults and what is the expected return of the Risky Corp. bond?
A circular flow diagram that includes the government sector : A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the economy and how the different sectors interact in the markets.
Statements is true about the efficient market hypothesis : statements is true about the efficient market hypothesis and the proposition that the stock market is weakly efficient?
Supply and demand concepts : Supply and Demand Concepts

Reviews

Write a Review

Microeconomics Questions & Answers

  Suppose five rational roommates are deciding on a place to

suppose five rational roommates are deciding on a place to have coffee together. there are four alternatives peets

  A consummer has a revenue of i dollars the prices of x and

a consummer has a revenue of i dollars. the prices of x and y are px and py. the utility function of the consummer is

  A very simple ten-digit electronic calculator sold

What"s wrong with this way of thinking? “Economists argue that lower prices will result in fewer units being supplied. However, there are exceptions to this rule. For example, in 1972

  Suppose your community has one dominant insurer that

suppose your community has one dominant insurer that negotiates with a bunch of hospitals in your market where a bunch

  International Monetary Relation

Choose a United States multinational company. In terms of currency denomination, discuss how the company values its revenues and costs.

  What is the total consumer surplus now

When the price fell from $29 to $19, how much did each consumer’s individual consumer surplus change? How does total consumer surplus change?

  Ssocial welfare functionocial welfare function what do you

what do you mean by a social welfare function? if you assume that such a function exists what properties of social

  Question a discuss the following statement in the real

question a discuss the following statement in the real world there is no industry which conforms precisely to the

  Compute his marginal cost and average cost of cutting lawns

Edward the entrepreneur takes two hours to cut a lawn, and he cuts 1,000 lawns per year, he use solar powered equipment thw will last forever and can be sold for $20000. the interest rate is 10 perent given his current output level, compute his margi..

  Example of monopoly

Give an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.

  Analyze the impact of financial development

For the country you have been following this semester, analyze the impact of financial development in its economy. Obtain quarterly (preferably, if not annual) information with at least 35 data points for the following variables:

  Why would the value of the financial securities decline

Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing financial securities at a geometric rate, specifically from $4 to $8 to $16 to $32 to $64 to $128 over a six-year time ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd