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Suppose the state of California needs to increase tax revenue. The government is considering raising the per-unit tax on consumption good in order to generate more tax revenue. If they choose between a good that is relatively more demand elastic or relatively more demand inelastic, which would be more likely to generate more tax revenue? Assume that supply curve has the same elasticity for both goods.
thirty-five fourth-grade students were asked the traditional question what do you want to be when you grow up? the
Assume an economy operates in the intermediate range of its aggregate supply curve. State the direction of shift for the aggregate demand or aggregate supply curve for each of the following changes in conditions:
Professional football teams sometimes charter airplanes to take them to their away games. Would you feel safer on a United Air Lines plane that had been chartered by the Washington Redskins than on a regularly scheduled United Air Lines flight
A policy that results in a Pareto superior outcome will always satisfy the Kaldor-Hicks Criterion; however, it may not increase social welfare.
Should U.S. national forests become privatized (sold to private owners)? Why or why not? Be sure to back up your response with economic analysis and reasoning.
Provide an example of the price discrimination for good or service which you thought it to unfair. Do you still believe that the discrimination is unjustifiable.
Acme Manufacturing Company is considering purchasing a maintenance contract for its new waste management systems. Acme plans to begin the contract in year 5 and continue through year 10. The cost of the contract is $11,300 per year and increasing by ..
Why did president Obama want to repeal the Bush era tax cuts on upper income tax payers How would the repeal of these tax cuts impact aggregate demand and to what degree How did the economic conditions in 2010 make such a repeal less likely to tak..
to implement the program you must write several subroutines and a main program to operate an engine control unit which
a mechanical engineer who is anticipating paying for his daughters college education plans to start depositing money
Sheila takes out a $20,000 loan over two years with a monthly repayment of $941.5, at an annual interest rate of 18% compounded monthly. Show the first three months of the amortization schedule in tabular format.
Presume that the nominal rate of interest is four percent and the inflation premium is one percent. What is the real interest rate? Alternatively, suppose that the real interest rate is 2 percent and the nominal interest rate is 6%. What is the infla..
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