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The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following:
What type of tax is this? Explain.
What happens to the supply of cookbooks?
What happens to the equilibrium price?
Who pays the tax at the end?
Is this a good way to finance programs to improve health?
What other types of tax can the government use to increase revenues?
Either tenants occupy rent controlled buildings with a customers surplus deserve to live there.
Calculate the equilibrium level of real GDP. Does the government succeed in increasing real GDP and calculate the equilibrium level of real GDP.
Suppose the issues of where, when, and elucidate how to be considered by an organisation planning an international entry strategy.
Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Does your answer depend on marginal propensity to consume.
60% of the youth between 18 and 30 in Detroit are unemployed, have not completed high school, are at various levels of functional illiteracy, without job skills,
Determine which of the following is not one of the basic preconditions for economic growth?
Explain why is an increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Consider demand and supply curves for many markets - the market for mineral resources, the market for wheat, the market for sugar, and market for motor homes.
a powerful leading indicator of overall future economic activity. Elucidate why is it a more meaningful indictor than housing starts.
Based on this sample, the 95% confidence interval of the population proportion of working parents who feel they spend too little time with their children because of work commitments is? What are the calulations to solving this problem?
During August 2009. 80 people lost their Jobs and didn't look for f new ones, 20 people quit their jobs and retired, 150 unemployed people were hired, 50 people quit the labor force,and 40 people entered the labor force to look for work. Calculate..
Using knowledge of aggregate demand and aggregate supply, can you explain what happened in these two time periods?
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