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Illustrates the key terms of excise tax?
Terms of excise tax:
a. Tax incidence
• Who bears the load of the tax?
b. Excess burden or Deadweight loss
• Taxes inflict additional costs, over and above the money really paid in taxes, into the form of inefficiencies, that occur since the tax discourages equally beneficial transactions
c. Tax revenue = Area of Wedge as by height and width
Economic instruments Financial rewards, incentives and penalties that operate automatically via market forces, to encourage beneficial behavior.
NEER Vs REER: In a situation where there are multiple trade partners, the effect of cross-currency movements are judged by nominal effective exchange rate (NEER) and real effe
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describe engineering cost theory in detail
Measures to control inflation: Fiscal policy is one of the two main macroeconomic policies used to control aggregate demand and thereby achieve economic stability. Fiscal meas
when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.
Directions: You should legibly handwrite or type the answers to the following questions on a separate sheet of paper. These must be submitted in class (not via email unless you hav
Member's Quota in IMF Quota represents the subscription by a member country to the capital fund of the IMF. Quotas are fixed for each country, taking into account such factor
what is price elasticity of demand ? write briefly with explaining it''s type.
meaning of opportunity cost
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