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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?
analyze the graphs and briefly describe the similarities and differences between the short and long run operation of each business
The direct and excess burdens from an excise tax are greater the less elastic is demand in the market. Real national income can never exceed its potential level.
How many bushels of corn are purchased by consumers and at Illustrate what cost. By government. How much does program cost government. How much income do corn farmers receive.
Externalities Public Goods Lack of Information in the market Too much competition all the above are reasons for market failure
John’s preferences over toothpaste (good 1) and beer (good 2) are represented by utility function u = ln x1+ x2. Prices are given by p1 and p2, and he has income of m. What fraction of his income does he spend on toothpaste?
the u.s. cigarette industry has negotiated with congress and government agencies to settle liability claims against it.
Illustrate what was the value of the government expenditure multiplier. What was the value of the tax multiplier.
What happens to the profits of boat makers in short run. Illustrate what happens to the number of boat makers in the long run.
q1. for handling a crisis of epic proportion hurricane flood blizzard forest fire and so forth which economic system is
Summarize in words the predictions and limitations of the theoretical framework developed for the first exam: that is the predictions for the effect of capital accumulation.
Find the number of units of input L that maximizes the average product function. Determine the boundaries for the three stages of production.
A residential rental property is acquired during the first month of the taxable year, at a total cost (including transaction costs) of $1,200,000.
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