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What is a tax? Explain with the help of suitable examples the basis of classifying taxes into direct and indirect taxes.
Or
Define a tax. Distinguish between direct taxes and indirect taxes with the help of examples.
Assume that a nation declares that it is moving toward free trade through decreasing its tariffs on intermediate inputs while maintaining its tariffs on final goods.
How can US incomes be growing and not growing and both be true Explain. How come the rich are always getting richer but their share of income does not seem to be changing Explain. What is the status of the poor today compared to 40 years ago
Flexible Exchange Rate - What are the advantages of flexible exchange rates respect to fixed exchange rates? Are there disadvantages?
China and Japan have two factors of production, land and labor. Both countries produce two goods: corn, which requires more land and computers, which requries more labor. Given that China is abundant in land and Japan is abundant in labor.
the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working age U.S. population for 2008. Joint Distribution of Employment Status and College Gradua..
a) In 2002 the United States introduced tariffs on certain steel imports from China and Europe. One can argue that in some cases, the introduction of these tariffs improved welfare in the United States. Why?b) Use your answer to part a) to explain..
Determine the government's role be with respect to regulating accounting companies in the wake of mismanagement and accounting irregularities?
Corporation A, a low rated company, desires a fixed-rate, long term loan. A currently has access to floating interest rate amount at a margin of 1.5 percent over LIBOR.
When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction. The bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliv..
Assume that the banking system initially has no excess reserves and that the reserve requirement is 10 percent. Also suppose that velocity is constant and that the economy initially is operating at its full-employment real output.
In 1996, Kodak paid a cash dividend of $1.60 a share. At year-end 1996, Kodak shares were trading at about $80 each share. In 1997 and 2001, Kodak paid $1.76, & in 2002 increased its dividend to $1.80.
terrorst attacks foster inability and may affect productivity over the short and long term. Do you think the september 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short-and/or long-term productivity in the Unite..
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