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Festwalia has two types of workers: low-skill workers, who earn $10 per hour, and high-skill workers, who earn $20 per hour. The government of Festwalia currently imposes a 20% proportional tax on all labor earnings. It is considering replacing this tax with a new, regressive tax. The new tax system will raise the same total revenue as the original system, but it will do so by taxing the low-skill workers at a rate above 20% and exempting the high-skill workers from paying any tax at all. Will this new, regressive tax system be more or less efficient than the old, proportional tax system?
Suppose that you have been invited to speak to an assembly, athletic players meeting or other group at your former high school. You are talking about your career and what you have achieved.
Illustrate what has presidents immediately under the principles of immediate wants of the nation also mandate from the people.
Find an article in a major newspaper that attempts to analyze statistical data. Summarize it , and relate what you understand about the interpretation. Do you agree with the analysis as presented in the article?
q1. josephine makes 100 a day as a flower shop attendant. she takes off two days of work without pay to travel to
Which of the following is true if cyclical unemployment is high?
Evaluate each of the supply and demand scenarios below by answering the following questions: •How will each affect equilibrium price and equilibrium quantity in a competitive market? •Will price and quantity rise, fall, or be unchanged?
Interest rate if no one else will give me a loan? Will I be better or worse off as a result of taking out this loan. How can you make a case for legalizing loan-sharking.
What lump sum of money (P) must be deposited into a bank account at the present time so that $500/month (A) can be withdrawn for five years (N), with the first withdrawal scheduled 6 years from today at a nominal interest rate (r) of 9% per year? [Hi..
Why would the global campaign halt the spread of the imitated medicines. With the cost of innovation and the necessity to achieve economies of scale, the pharmaceutical industry is continuously re-organizing on a worldwide scale. Explain in detail.
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. Calculate the daily sales ..
Alfred, Beth, and Charles orally agreed to start ABC Computers (“ABC”), a business to manufacture and sell computers. Alfred contributed $100,000 to ABC, stating to Beth and Charles that he wanted to limit his liability to that amount. ABC opened and..
The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
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