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Q. The federal government occasionally goes through the process of reauthorizing and modifying the State Children's Health Insurance Program (SCHIP, which was introduced in 1997). Money for this program could be raised by increasing taxes generally (imagine adding a small percent to all income tax) or - as suggested by some past proposals - by taxing cigarettes. Explain what the lump-sum principle would suggest about which way would allow the money to be raised with the smallest loss in overall utility. Then make an argument for why the government may still prefer using the other approach.
The price elasticity of demand for Royal Crown Cola is equal to the price elasticity of demand for soft drinks in general It is invalid to make inter product elasticity comparison
Should the company buy or lease the fleet of trucks that it uses to transport its products to marketplace.
The money supply in $1 trillion, the price level equals 2, and real GDP is $5 trillion in base-year dollars. What is the income velocity of money?
Explain why a weaker dollar could involve the UK balance of trade deficit.
Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
56.a californian college student consumes internet services i and books b. her preferences are represented by a
external benefit generated by sale of marginal widget is $100, regardless of how many widgets are purchased.
Write a short essay, using the market failure analysis, to justify why the U.S. government should or should not be involved in the provision of (1) airport security and (2) medical care.
Complete the International Trade Simulation. Elucidate how absolute also comparative advantage was used in your simulation.
q1. if unit labor costs in spain and portugal rise but unit labor costs in germany decline and other producer prices
q. in class we discussed the idea that small farmers are sometimes price takers i.e. the price of wheat are set in the
The United States, Brazil,and Argentina are land rich and efficient farming countries. Which countries have large pools of low cost labor? How do countries with no natural resources manage to manufacture and export large quantities of goods?
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