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According to estimates by Goolsbee and Petrin (2004), the elasticity of demand for basic cable service is ?0.51, and the elasticity of demand for direct broadcast satellites is ?7.40. Suppose that a community wants to raise a given amount of revenue by taxing cable service and the use of direct broadcasting satellites. If the community's goal is to raise the money as efficiently as possible, what should be the ratio of the cable tax to the satellite tax? Discuss briefly the assumptions behind your calculation.
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1.) In what way is insurance for medical loss/illness differ from insurance for any type of property loss?
Question 1: i. Explain the likely effects of a recession on a government's budget? ii. How is the operation of fiscal policy supposed to affect the level of economic activ
examine the efficiency of quantitative credit control instruments.
need assignment on supply and money
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which fallacies best diiscribe this statement The restaurant in new is either buddy''s bistro or Clyde emporium
A change in the legal statute may be able to force an equilibrium if it leads to a new equilibrium which implies some revised belief which sustains the equilibrium. Tirole (1996)
Explain the stages and various coordination mechanism nvolved in policy processes
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