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1. Why is the burden of a tax to taxpayers greater than the revenue recieved by the government?
2. Why do some economists advocate taxing consumption rather than income?
3. What is the marginal tax rate on a lump-sum tax? How is this related to the effiency of the tax?
Two firms are located on the line and sell identical products. Consumers obtain K utility from consuming a product; assume that K is large enough that all consumers purchase from at least one of the firms despite the costs of transportation.
If this were the case would there be any automatic stabilizers in the government economy. Would there be any distinction between the full-employment deficit also actual budget deficits.
the achievement of which will not selectively also materially benefit the membership or the activities of the organization" are called.
What are the strength of the neoclassical models of labor supply and labor demand. What are the weakness of the neoclassical models of labor supply and labor demand.
At what level of output will this firm maximize profit. Elucidate what is the level of profit for every unit of output produced at equilibrium.
What is the difference between a change in the quantity supplied and a shift in the supply curve.
B involves the polluters in each region independently negotiating pollution deductions, assuming the other region is not undertaking pollution reduction.
The 2001 recession ended in November 2001, but the perception of "bad economic times" lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession.
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
Do wages clear when the wage equals two. Do we know whether the equilibrium wage is higher or lower than two.
An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub also is ignored by the staff.
Elucidate why the equilibria found in part (a) are only short-run equilibria. What will happen in the long run.
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