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According to theory of tax assignments, local governments should use redistributive taxes to fund their operations. Clearly indicate whether the statement is true, false, or uncertain and defend your answer.
Which of the following can lead to a decrease (leftward shift) in the PPF? Answer banning a technology due to its adverse environmental effects a policy encouraging more immigration tax breaks on the adoption of more efficient technologies a policy t..
Which of the following do bankers take into account when determining how to allocate their assets? Check all that apply.
What Scott is doing is committing fraud he is falsely selling products for his own benefits is molly decides to take the jeweler to another jewelers and they inform her the product is fake then she can rightfully sue Scotts business and ruined his re..
If a country's currency's external value is tied or pegged to the currency values of the country's leading trading partners, this arrangement
Explain why monopolistically competitive firms frequently prefer non-price competition to price competition.
Suppose the national output in the US is below the policy makers' desired level of output and is experiencing a trade deficit. Assume that the policy makers' goals are to achieve the desired level of output (i.e., full employment output) and balanced..
The market demand for a special type of wood that is essential for producing acoustic guitars is given by Q = 70,000-2000P, where Q is measured in thousands of pounds per year and P is the price of a pound of wood. Assuming that each small firm acts ..
The ADEA allows BFOQ to be used as a defense as long as substantially all of the individuals over the age at issue are unable to perform the duties of the job? Federal and private sector employees enjoy the same protections under ADEA?
Imagine an economy with two types of goods; those that are tradable T (goods that can cross borders) and those that are not tradable NT. The technologies to produce them out of labor are T(L) = 2LT and NT(L) = 4LNT. The total amount of labor in this ..
Suppose you are an investor with a choice between three securities that are identical in every way except in terms of their rates of return and risk.
Levi's preferences are defined over left shoes and right shoes (xL , xR). Write down a plausible utility function for his preferences. Plot the consumption bundle (3,2) and the indifference curve on which it resides. What is Levi's Marginal Rate of S..
Gomez runs a small pottery firm. He hires one helper at $14,500 per year, pays annual rent of $7,500 for his shop, and spends $18,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) t..
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