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1.Explore why lump sum tax, even though efficient are rarely used.
2.Using demand and supply analysis, discuss how a tax on labour income (hours of work available is fixed) creates excess burden between the paid and unpaid labour markets.
3. The Ramsey Rule (inverse elasticity) is efficient yet not always equitable. Explain and discuss this statement.
4. Define excess burden and using budget lines and indifference curves, show how the equivalent variation concept can measure it.
what policy did the fed and other central banks around the world use to try to stabilize the economy during the
Desired consumption is Cd = 100 + 0.8Y - 500r - 0.5G, and desired investment is Id = 10 -500r. Real money demand is Md/P = Y - 2000i. Other variables are πe = 0.05, G = 200, = 1000, and M = 2100.
reflect on the role of proper health nutrition and safety in your own growth and development as a child whether the
If people behave according to rational expectations theory, people would expect the rate of inflation this year to be:
You're in Management for IBX Steel Components. J. D. Brotsky is a top labor leader and just announced that her union will go on strike against management unless you grant the workers a significant pay raise.
describe the ideologies of two different political systems. select two different countries of your choice for a
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry? Does the company behave like a monopoly or more like a competitive firm?
Compute the profit maximizing output produced by each firm. Compute the profits earned by each firm and the cartel.
Describe an example of a particular health care good or service at the beginning of your posting and to what extent do the providers of the good or service influence consumers' decisions?
The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $49 and the price at point e is $24 per bag. The price at point f is $48 and the price at point g is $13 per bag.
Discuss the impact of the recent (2008 to the present) international financial upheaval on Kenya domestic economy and its international transactions
what happens in the market for oil and what happens in the market for sports utility vehicles as a result of the war.
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