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What is the distinguishes a progressive income tax, from a proportional income tax, or a regressive income tax?
A proportional income tax takes the similar percentage of a person's income, whether they are rich or poor. A progressive income tax takes a larger percentage of income from the rich, whereas a regressive income tax takes a larger percentage from the poor.
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
For the purposes of economic analysis, a normal profit contains the cost of the lost opportunity of the next best option allocation of the firms resources. In a purely competitive
A local airline charges $500 to fly (round-trip) to Louisville, Kentucky. From the past three months, whereas the $500 fare has been in effect every of the two daily flights have a
1. Suppose the wage rate is w = 1. An agent is working 6 hours per day and consumes 5 units of goods per day. Suppose that the agent claims to be indifferent between his current
explanation of sources of finance to business enterprises in Nigeria
ENUMERATION OF WORKERS: Now, let us discuss about the sources of data in India on workers. In India, two main organisations which generate and compile data on workers are the
Consider a hypothetical nation, Solowland, which were in the steady state. We consider a constant return to scale production function based on two production factors, labor and cap
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1- Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model. a) explain and illustrate the economy adjustment ( in the medium run)
Functions of the ADB: ADB finances principally specific projects in the region. It may make loans to or invest in the projects concerned. It may also guarantee loans granted t
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