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Question: Under the old tax law money that scientists received from winning the Nobel Prize (or similar prizes) was not taxable. Now it is. Which treatment do you think is appropriate? Under both the old and the new tax law, money received by lottery winners (as well as gambling receipts) is taxable while the losses are not deductible. Is this fair? What distortions does this introduce?
However the political system is stable and the government does agood job protecting property rights. Assess this country's prospects for growth. Recommend two things thatwould enhance the country's growth.
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
Please identify one policy proposal currently being discussed. What economic school of thoughts does it seem to be based on? From your point of view, does it make sense in light of standard macroeconomic thinking? What do data and actual eviden..
Our economy thrives on competition. Market forces will lead company to produce the mix of goods most desired. Unforeseen events can be responded to in a rational manner.
If a firm faces different prices for a similar good in tow markets, how will the firm decide what price to charge if the firm cannot price discriminate?
a consumer of two goods faces positive prices for both goods and has positive income. her preferences over consumption
The farmer initially grows 1,057 acres of wheat and 0 acres of corn. Suppose the price of corn increases by $102 per acre harvested and how much does the farmer's revenue change by if she continues to grow wheat even after the price of corn increas..
Central Systems, Inc. desires a weighted average cost of capital of 7 percent. The firm has an after-tax cost of debt of 5 percent and a cost of equity of 10 percent. What debt-equity ratio is needed for the firm to achieve its targeted weighted a..
A securities analyst claims that, given a specific list of 6 common stocks, it is possible to predict, in the correct order, the 3 that wil perform best during the coming year. What is the probability of making the correct selection by chance?
Based on the existing data of the field you believe there is a 15% chance that if you drilled immediately you would find a commercial discovery. You also have the option of investing in more information, which would include more sample wells and d..
Discuss and contrast how your State and Metropolitan/Local Area GDP rates and personal income compared to the Rest of the U.S. by briefly summarizing the information within these categories. Such as, identifying the contributors to real GDP, pers..
Assume the population over age 16 is 160 million, number of discouraged employees is 10 ml, the labor force is 110 ml and the total employment is 90 ml.
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