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Draw a graph showing the demand and supply curves before and after the tax. Show graphically the tax revenue and how it is shared between the consumers and suppliers (producers) of gasoline. Show the deadweight loss and explain the meaning of deadweight loss.
Identify and describe the five sources of growth? Mention and explain four categories (types) of policies designed to promote growth.
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Let the market demand for rye bread be given by Q = 500 + I - 250P rye + 400P wheat , where Q is monthly demand in number of loaves, I is average monthly income in dollars
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
Pawel spends half of the year working in Britain where he consumes British food q and half of the year in Poland where he consumes Polish food Q.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
In 1991, Brazil and Columbia united to form a coffee cartel and reduce coffee output. Suppose total costs for the cartel are:
Account for the effect of the two proposed fiscal policy actions in the short run and long run. This includes a description of the consequences of relevant macroeconomic variables.
American Mining Company is interested in obtaining quick estimates of the supply and demand curves for coal.
A tariff is simply a tax on imports. Use our model of the excise tax (with diagram) to describe why domestic firms request that tariffs be imposed.
Answer the following questions as these general questions pertain to the specific issue selected.The questions that you will cover with respect to your choice of broad social issue in the paper are given.
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