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suppose a special tax was introduced that used the value of one's automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, progressive or, regressive? What assumptions do you make in answering this question? Do you think the tax that was imposed either efficient or equitable?
Credit cards are sometimes discussed as a public problem. In 2001, purchases on credit cards accounted for 21% of consumer spending in America, which has the lowest savings rate of any big country.
Industry studies often suggest that firms may have long - run average cost curves that show some output range over which there are economics of scale and wide range of output over which long- run average cost is constant.
Explain how much of input 2 does it use. Illustrate what is the most that it is willing to bribe an inspector to allow it to use another unit of input 1.
Assume the U.S. government determines that cigarette smoking creates social costs not reflected in the current price of cigarettes in the market
Illustrtae what are the nominal rates of interest for both the United States and the euro area?
Describe significant current trends related to IT in a business setting and your personal life. What are the pros and cons to the increasing use of technology to disseminate information.
Suppose that the position of a nation's aggregate demand curve has not been changed, but long-run equilibrium price level has declined.
Due to the slow down economy, it is expected that there will be .7 million additional workers who will lose their jobs next month. Determine the expected unemployment rate for next month?
One basic popular voting scheme is rank-order voting, where individuals assign a rank (1,2,3) to the possible alternatives; the assigned ranks are then added up and the alternative with the lowest sum wins. Consider a choice among the 4 alternativ..
Choose a social difficulty where free markets are not allowed to function and describe how free market features could be introduced to help alleviate the difficulty.
The Wall Street Journal reported that businesses are aggressively pushing customers to pay their bills electronically. Numerous banks dropped their monthly fee for online bill paying,
Prepare a analysis by answering the questions below. Be sure to cite your references using APA format.
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