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Q. "You are chairperson of a state tax commission responsible for establishing a program to raise new revenue through excise taxes. Explain why would elasticity of demand be important to you in determining the products on which the taxes should be levied?".
Q. Suppose the consumption function isC = $500 billion + 0.9Y
and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier effects) with
a) A $50 billion increase in go vernment purchases?
b) A $50 billion tax cut?
c) A $50 billion increase in income transfers?
Indicate whether this production function exhibits constant, increasing, or decreasing returns to scale.
The overall effectiveness of the organ procurement system in the United States. What are its strengths and weaknesses.
Elucidate why haven't the changes to campaign finance laws passed in 2002 been effective in stopping the flow of soft money
Describe the changes in the model parameter(s) and resulting changes if any in the hiring decisions of the three types of firms.
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
Clarifying resource demand as well as differs from those determinant product demand.
Illustrate scarcity, choice also prospect cost with the aid of a diagram demonstrating a production possibilities frontier
Delineate which marketplace participants you believe benefited from the final court decision also whose interests were harmed.
Elucidate the role of differentiation in the market for pizza. Then apply the feedback critique to the role of differentiation in the industry.
Write down an expression describing total income from tickets plus popcorn plus other concessions. Forecast total incomes for regular also special Tuesday-night pricing.
Which of the following would occur if the federal government decided to use a budget surplus to reduce the existing debt.
Converse alternatives to GDP as a measure of economic benefits in a current economy.
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