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1. How is it possible for some people to pay negative taxes?
2. Why is it important to distinguish between deficits and debt?
3. Why may a budget surplus be considered undesirable?
Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish “absolute advantage” from “comparative advantage” in the context of your example. Then select an international terms-or-trade ratio and explai..
Retail sales taxes are used at the state and local level to finance general fund expenditures. In other words, the tax revenue collected via the sales tax is not tied directly tied to benefits received by each taxpayer. Retail sales tax fair?
Most firms use graphs to present profit and loss information to key stakeholders. What are the limitations of these graphical representations? What ethical concerns must be considered in the preparation and presentation of financial graphs? What shou..
In a town of 120,000 potential "football fans," the football team draws the following attendees per game, at the various prices shown: If the team can charge ANY prices it wants (including different prices to men and women), what price(s) should it c..
Explain why most market labor supply curves slope upward and to the right, even though individual labor supply curves are presumed to be backward-bending. How does the height of a market labor supply curve relate to the concept of opportunity cost?
Why does rent control create an inefficient allocation of resources?
It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution
Consider the following potential events that might have taken place at Global Con- glomerate on December 27, 2012. For each one, indicate which line items in Global's cash flow statement would be affected and by how much. Global reduces its dividends..
q1. suppose that the government imposed a 1 tax each time someone used the atm. how would this effect output and the
Are there any general shapes of cost curve graphs and firm supply graphs? For instance, MC graphs usually are U-Shape graphs and usually start from below AC graphs. Or it all depends on the types of graphs? Is there a name for a graph that represent ..
Will it shift to the right or left? Where will the equilibrium be on the LRAS now? What is the correct answer here and why?
Explain how can tax cuts help revive the economy include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of these and/or other terms from this week.
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