Write a brief note on:

a. Characteristics of a good tax system.

b. links between growth of public debt and economic growth

c. Richard Musgrave"s justification for goverment intervention in the economy.

d. Characteristic of good fiscal system.

e. Wagner"s law, and major factors that we led to the growth of goverment expenditures in most countries.

Market with an initial equilibrium price : Draw a supply and demand showing a market with an initial equilibrium price of $2, and an external cost of 30 cents per unit. Suppose the government imposes a corrective tax of 30 cents per unit that raises the equilibrium price by 10%. Show the new .. |

What digital input would come closest to given value : An output of 4.740 V is needed. What digital input would come closest to this value? By what percentage is the actual output different? |

Draw graph showing monopolistically competitive firm : Draw a graph showing a monopolistically competitive firm in a long-run equilibrium. What are its profits? Suppose instead that a monopolistically competitive firm sells 5 units of a product, for $4/unit, at an average total cost of $2/unit. Calculate.. |

Specify the requirements of the dac : Specify the requirements of the DAC.- Prepare flowcharts of the software that will generate the wave. |

Characteristic of good fiscal system : Characteristics of a good tax system. links between growth of public debt and economic growth. Richard Musgrave"s justification for goverment intervention in the economy. Characteristic of good fiscal system. |

What is the input voltage : What range of input voltages would produce this same output? Suppose the output of the ADC is 101101112. What is the input voltage? |

Find the maximum measurable pressure : If a resolution of 0.5 psi is required, find the number of bits necessary for the ADC. The reference is 10.0 V.- Find the maximum measurable pressure. |

To manufacture dynamo testing machine : Objective- To manufacture "DYNAMO TESTING MACHINE". Implement various advance controls like tachometer, pressure gauge, weight displaying unit etc |

Confronted with severe macroeconomic problems : Explain briefly the G/GDP, Tax/GDP and Debt/GDP ratios. These ratios have increased substantially in most countries during the past decades. Yet, we are confronted with severe macroeconomic problems. Why? What is the role of government in addressing .. |

## Market demand is equal to market supplyIn quarter 5 the demand is 8,472,091 units and supply is 8,687,459 units at equilibrium. In quarter 6 supply inccreased to 9,593,212 and demand to 8,725,230. Is the market getting closer to short-run equilibrium where market demand is equal to market.. |

## Is the unemployment rate in the intervalUse the method from Section 6.4 to construct a 95% prediction interval for the 2004 unemployment rate. Is the 2004 unemployment rate in the interval? |

## What is the marginal rate of substitution for consumerSuppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X+2Y UB(X,Y) = X*Y The initial endowments are: A: X = 2; Y = 8 B: X = 2; Y = 8 a) Using an Edgeworth Box, graph the initial allocation and draw t.. |

## What is the annual effective percent rateA bank proudly announces it has switched to continuous compounding on savings accounts and if you now make a deposit of $10,000 the value of your account will double to $20,000 in 10 years. What is the annual effective percent rate? |

## Promote production of domestic cottonWhen countries such as the U.S. promote production of domestic cotton, developing countries that produce cotton are hurt. Why? |

## Desired capital-user cost and goods market equilibriumYou own a golf course in Florida and you need to determine how many golf carts you need to buy to maximize profits. What is the user cost of capital and what is it expressed in? Now suppose the (local) government with all their financial shortfalls e.. |

## Using natural logarithms-fairly good savings accountYou would like to save money to buy a new car that costs $10,000, but currently only have $8,000 and you know you won’t have any further excess savings to contribute more to it. You have available to you a fairly good savings account which pays conti.. |

## What is this firms minimum cost of producingThe firm’s production function is Y = min {A/4; 2B} + 5C. Suppose that the price per unit of input A is 2 euros, the price per unit of input B is 6 euros, the price per unit of input C is 30 euros. What is this firm’s minimum cost of producing 40 uni.. |

## Used to produce a product is a capital itemWhich of the following items used to produce a product is a capital item? |

## Probability of returning a shipmentSuppose you are receiving a large shipment of Gizmos. The manufacturing standards provide that 1% of Gizmos turn out defective. You randomly select a sample of n = 25 from each lot and return the shipment if more than 2 are found defective. The proba.. |

## What are the equilibrium values of the real wageSuppose all workers value their leisure at at 90 goods per day. The production function relating output per day to the number of people working per day (L) is: Assume there are no taxes. What are the equilibrium values of the real wage, employment an.. |

## Explain how a price increase could be better for societyExplain how a price increase could be better for society than not raising the price of a product or service. Why does central planning not work efficiently? |

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd