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Consider Adam Smith's canons of taxation. Identify on of his ideas and post your thought on its applicability to the current income tax system in the United States. please post the canon of your choice, your premise, and a narrative in support of your premise. for example, if you believe the current system to be convenient or inconvenient, how and why in your opinion is it so?
Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.
Suppose output is growing at 3 percent per year and capital's and labor's shares of income are .3 and .7 respectively. If both labor and capital at 1 percent year what would the growth rate of total factor productivity have to be? What if both the la..
Which of the following pricing strategies is NOT used in markets with special cost and demand structures?
Use the IS-LM/ AD-AS model to show the short-run and long-run impacts of a decrease in money supply (M) on the real interest rate (r), real GDP (Y), the unemployment rate, investment spending (I), consumption spending (C), the nominal money supply (M..
Explain the main differences between the three main nominal anchor choices presented in Chapter 3: i) Exchange Rate Target; ii) Money supply target; and iii) Inflation target plus interest rate policy.
The construction cost of a permanent park is $600,000. Annual maintenance and operation costs are $120,000 per year. At an interest rate of 10% per year, the capitalized cost of the park is nearest to:
Why are standards important for competition in the European market? Discuss examples (like telecommunication)! New members want to join the EU: Please name economic arguments to discuss if a further enlargement makes sense.
Considering expected return and risk, which projects are good candidates? The firm believes it can earn 5% on a risk-free investment in government securities
When he purchased his home, al silva borrowed $280,000 at 10% interest to be repaid in 25 equal end-of-year payments. After making 10 payments, Al found he could refinance the balance due on his loan at 9% interest for the remaining 15 years.
To reduce the construction of big luxury apartments, the Chinese government requests that at least 70% of the new apartments must not exceed 90 square metres. Use a diagram to show and explain how this policy affects the equilibrium price and quantit..
Explain the difference between the Normative Coase and Normative Hobbes approaches to property law. Given your answer to (a), which seems more appropriate in this case?
According to Keynesian theory when should expansionary fiscal policy be used? How does this change GDP, unemployment and the price level?
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