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Determine the principle of equity
The principle of equity is that a tax must be fair and the tax is levied on those with the ability to pay tax.
The principle of efficiency is that tax must be easy to collect and that government must not have to spend a disproportionate amount of money enforcing the collection of tax.
Why do some countries have a high real per capita income? High standard of living within the industrialized nations consider to be largely because of the high productivity of
Explain about the short term and long term interest rate in money demand. The Opportunity Cost of Holding Money Demand: a. Short-term interest rates Rates onto assets whi
Assume the United States has the following consumption information: GDP = Income Consumption
concept of static and dynamic multiplier
Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes
What is Money supply The monetary base is only a small part of the total money supply but, through the multiplier effect, the central bank's control over the money supply is ma
In monopolistic competition: a) Firms face a perfectly elastic demand curve b) All products are homogeneous c) Firms make normal profits in the long run d) There are ba
Solution of the following question The Nigerian president goodluck jonathan has just returned from Germany and the following economic transactions were obtained thus,use the data t
What are three modifications to a polymer that can make it transparent? How will these modifications affect the mechanical properties of the polymer?
THE GOALS OF MACROECONOMIC POLICY Economic analysis attempts to explain why problems arise in the economy and how these problems can be dealt with. It is, therefore, indispens
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