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1.Explore why lump sum tax, even though efficient are rarely used.
2.Using demand and supply analysis, discuss how a tax on labour income (hours of work available is fixed) creates excess burden between the paid and unpaid labour markets.
3. The Ramsey Rule (inverse elasticity) is efficient yet not always equitable. Explain and discuss this statement.
4. Define excess burden and using budget lines and indifference curves, show how the equivalent variation concept can measure it.
The current economic downturn has been called a housing disaster, a financial disaster and a debt crisis, but the simplifying logic of the political season has settled on what is really more a result than a cause.
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There are two types of used cars on the market: Lemons and Cherries. Lemons are worth $2000 to sellers and $3000 to buyers. Cherries are worth $4000 to sellers and $6000 to buyers. There are 70 Lemons and 30 Cherries available for sale, and buyers ar..
In the economic model of the fishery developed in this chapter, compare the effect on fishing effort of an increase in cost of a fishing license with an increase in a per-unit tax on fishing effort that raises the same amount of revenue. Assume th..
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Create a health informatics compliance survey for healthcare facilitie
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