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1. The simple caseof a fixed per-unit tax is indicative of more complicated ones. Consider aproportional sales tax and a progressive sales tax. How do the tax revenues,and quantities produced compare in these various cases?
2. Explain howvalue can be created simply by exchange even when nothing new is produced?[This is true for a monetary and for a barter economy].
3. Explain howcompetitive privately issued currencies would work automatically to provide consumers with protection against inflation?
4. Would interestexist in a pure exchange economy where no production occurred? Explain.
5. Briefly contrast the static and dynamic views of monopoly and the policies appropriatefor each.
As a manager of chain of movie theatres which are monopolies in their respective markets-Devise a pricing strategy to maximize your firm's profits.
Suppose the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound of money supply.
In many industries, such as supermarkets, banks, cell phonecompanies, etc., because of mergers our choices as consumers arereduced to two or three competitors. Do you think thisis good for the economy
Assume that Mf = Ma. Find the real wage that makes total labor supply and total labor demand exactly equal to each other (this is called, the equilibrium real wage). Find the equilibrium number of hours worked in this economy
changes in monetary policyprepare a analysis by answering the questions below. be sure to cite your references using
To finance this subsidy every pair of stilts purchased by someone who is tall is taxed at a rate of T percent.
What is the business cycle and how is it linked to a secular trend? Describe each of the four phases of the business cycle and indicate how they a linked to the concepts of a "boom", a "recession" and an "expansion".
Define presidential doctrine and summarize the regional or global events during the Cold War leading up to the formation of the presidential doctrine you wrote about in Assignment
For each stock in the stock market, the number of shares sold daily equals the number of shares purchased. That is, the quantity of each firm's shares demanded equals the quantity supplied
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
a marketselect onea. makes possible the exchange of goods and services between buyers and sellers.b. consists only of a
In an attempt to reduce poaching of elephant ivory tusks, officials in Kenya burned illegally gathered ivory. Using your understang of shifts in supply and demand, will this turn out to be a helpful or hurtful move on the Kenyan government's part
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