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Question about Fiscal Federalism
The central economic problem of fiscal federalism is:
a. the division of taxing and expenditure functions among different levels government.
b. the choice of the collective choice rule for central governments only.
c. the level of public goods to be provided by a central government only.
d.how to achieve an equitable distribution of income.
Suppose you are reviewing an isocost graph. The axis on the graph shows capital units on the vertical axis, and labor units on the horizontal axis.
Shelly's preferences for consumption and leisure can be expressed as. This utility function implies that shelly's marginal utility of leisure is C-200 and her marginal utility of consumption is L-80.
Which of these would cause the demand curve for bison (American buffalo)
Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.
Describe and answer in economic terms the question, should a company hire temp teachers or hire new teachers?
Discuss the advantages and/or disadvantages of distributing marketable pesticide permits to each farm operating in the watershed equal to 40% of its current level of use of that pesticide, versus simply ordering each farm to reduce pesticide use t..
Compute total revenue, marginal revenue, marginal cost, and average total cost of this natural monopoly. What is the profit maximizing output and price for this natural monopoly when the government does not regulate it?
Which of the following is the best example of a monopolistic competitor? Firms in a monopolistically competitive industry produce:
A pure monopolist determines that at the current level of output the marginal cost of production is $2.00, average variable costs are $2.75, and average total costs are $2.95.
Define in general the term "internalize the externality" and explain its application in this case. Discuss a policy other than a tax or subidy that could cause individuals to internalize the externality. Explain briefly.
Suppose demand for the firms watches falls permanently to P = 20 - Q/20,000. In view of this fall in demand, what output should the firm produce in the short run? In the long run? Explain.
Assume an economy in which the reserve ratio is 15 percent, people hold 10 percent of their deposits in the form of cash, and there are no other leakages.
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