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Our current income tax system is called progressive. This means that the tax rates go up as our income increases. There are several that oppose this system and proposed other methods of taxation. Please review and report on one of the following alternative taxation ideas. least one paragraph on the advantages of this tax plan. Then, second paragraph about the disadvantages of this tax plan. Finally, write 3-4 concluding sentences about your thoughts in regards to the tax plan vs. the current progressive taxation system.
Suppose that the economy of an island H is described by the following equations: GDP (Y) = 8000, government expenditures (G) = 600, Taxes (T) = 1000, Consumption (C) = 400 + 3/4 (Y-T), and investment (I) = 800 – 200r. What can you conclude about the ..
Discuss your understanding of the seeming conflict between economic growth versus equity. Specifically, does the Congress or a section of the Congress promote economic growth without proper attention to achieving equity - a fundamental goal of our so..
How do the demographic trends of two prominent East Asian countries, China and Japan, compare and contrast? What are some of the impacts of these trends, and what unique challenges does each country face as a result? How has the government for these ..
Write the problem of cost minimization. Interpret b. What is the condition that the optimal choice of inputs has to satisfy?
draw a correctly labeled loanable funds graph that shows what happens to real interest rates for each of the following
Assume which an innovation reduces a industry's fixed costs also reduces cost from ATC to ATC. Before the innovation reduced the cost, the industry's maximum economic profit was
Re economies and diseconomies, suggest factors that will make the average cost of production lower for a larger firm than for a smaller firm. What are factors that may force up the average cost of production?
Explain why a person starting up a small business probably stands a better chance of raising money by applying for a bank loan than by issuing bonds. Banks now control only about half as much of the total financial intermediary assets as they did abo..
Measures such as the attack rate and the case-fatality ratio give us a crude idea of the virulence and mortality of the infectious disease.
You have $100 to spend on food and clothing. The price of food is $5 and the price of clothing is $10. “It is not possible for a fall in the price of clothing to $5 to reduce the amount of clothing purchased.” show how the budget constraint changes w..
In April 1978, Fidel Castro announced that Cubans who wanted to leave Cuba for the United States could do so from the port of Mariel, Cuba. Within 6 month, about 125,000 (mainly) lowskill Cubans had flowed through Mariel for Miami, resulting in a sud..
Do you think it is a good idea for the Russian government to take the measure of encouraging foreign carmakers to build factories in Russia.
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