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How much more output (income) per year will have to be produced in the world(a) Just to provide the 2.7 billion "severely" poor population with $1 more output per day? $ _______(b) To raise the incomes of the world's "severely poor" population (income less than $2 per day)to the official threshold of U.S. poverty (roughly $5,000 per year per person)? $ ________
(a) Assuming a 10 percent sales tax is levied on all consumption, complete the following table:
Sales Percent ofIncome Consumption Tax Income Paid in Taxes$10,000 $12,000 ______ __________20,000 18,000 ______ __________40,000 32,000 _______ __________80,000 60,000 ________ __________(b) Is the sales tax progressive or regressive?
Illustrate what are the dominant industries and or corporations, and who controls them. What is the trade relationship between your country and the United States.
Mention the four assumptions for the Monopolistic competition model.
Make the adjusting entry for manufacturing overhead also suppose the balance is allocated completely to Cost of Goods Sold.
An entrepreneur plans to convert a building she owns into a video-game arcade. Her main decision is how many games to purchase for the arcade.
Several cities regulate the taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab,
Eluciadte the work of how the answer was derived. David Upton is president of Upton Manufacturing.
Using the midpoint formula, calculate the price elasticity of demand for the following problem: Calculate the income elasticity of demand using the general formula for elasticity:
Elucidate entity establishes a price ceiling also does it require government sanction for violators
Explain why did the Fed begin to raise interest rates at a point in the economic recovery with concerns over terrorism and rising energy prices causing great uncertainty.
What is a government budget deficit. Elucidate how does a federal budget deficit affect the economy.
Choose five innovations associated with the Industrial Revolution and five innovations from the Technological Revolution. For each innovation, identify the effects it had on individuals, societies, businesses, and politics.
Discuss the changing economic variables in China that influenced McDonald's expansion strategies.
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