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1. Please read ECON Chapter 3, Section 3-2b. Compare and contrast Sole Proprietorships, Partnerships and Corporations by describing differences in the following areas. a. Ownership b. Financial Disadvantages c. Position in the US Economy
2. Please read ECON Chapter 3, Section 3-3a. In your own words, please list and briefly describe each of the seven roles of government and provide one specific example not listed in the textbook of the United States Federal Government acting in that role.
3. Please read ECON CH 3, Section 3.3e. Compare and contrast the following and offering your opinion on which one of each pair of tax strategies is the most appropriate. a. The “ability to pay” or the “benefits received” taxation principles b. “Progressive” taxes or “regressive” taxes.
In a well-researched essay, explain how the company has used the consumer decision process model to effectively market the product or service to you. This essay should detail the strategy based on the model, explain why the strategy was successful fo..
Two firms, the Alliance Company and the Bangor Corporation, produce vision systems. The demand curve for vision systems is P = 200,000 - 6(Q1+ Q2) where P is the price (in dollars) of a vision system, Q1 is the number of vision systems produced and s..
In the following situation, the market is initially in equilibrium. After each event described below, does a surplus or a shortage exist at the original equilibrium price? What will happen to equilibrium price as a result? Draw your answer in GRAPH F..
In an effort to avoid the adverse selection death spiral, a private health insurer offers two health insurance policies: one that is intended for those who are more likely to require expensive treatment (and therefore charges a higher premium) and on..
Discuss a variety of different derivative instruments relating to foreign exchange. What is the underlying function of these different instruments? Can the same goal be achieved using different derivative instruments? How? Consider the term disinterm..
Create a scenario around this business in which a manager would decide to either stop operations in the short-run or going out of business in the long-run.
Tyrion, who likes beer and wine, lives in Westeros, where people buy things with Silver Stags (SS). The price of wine is 5SS per flagon and the price of beer is 2.5SS per jug. Tyrion’s daily income is 50SS.
Given the following variables in the open economy aggregate expenditure model: autonomous consumption, CO = 200; autonomous investment IO = 200; government spending, GO = 100; export spending, XO = 100; autonomous import spending, MO = 100; taxes, TP..
If domestic investment in an economy is smaller than the economy's private domestic savings
Discuss what happens to equilibrium price and sales. Explain why or why not this makes sense in the real world.
Expansionary monetary policy involves the Federal Reserve injecting money into the economy so the banking system can make more loans and thus increase the money supply even more. The Federal Reserve injected a huge amount of money into the economy in..
Analyze how increasing the investment tax credit given to firms that make expenditures on new capital affects the dispersion of earnings. Describe the expected effects that college scholarships based on (i) student ability, and (ii) student need are ..
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