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Q. Explain how do payroll taxes levied on earnings of workers affect their decisions about Explain how much leisure they consume?
When government taxes younger people to pay benefits to older people, explain how does this affect amount of assistance that younger people might voluntarily choose to offer older people?
When government taxes younger people to pay benefits to older people, explain how does this affect size of bequests that older people are likely to leave to their children or grand children when y die?
In general, people who have more productive earn higher incomes and thus pay higher taxes. Explain how would a change in immigration laws that favoured more highly educated and skilled individuals affect future tax burden of today's American college students? Would admission of better-educated immigrants tend to raise or lower wages of American college graduates? On balance, would an overhaul of immigration system benefit or harm today's college students?
Illustrate why are second hand goods not included in the value of national income.
Which of the subsequent goods with their respective income elasticity coefficients in parentheses will most likely suffer a decline in demand during a recession.
Discouraged employees are not considered unemployed. People who work part time but want to be working full time are considered employed.
Use Appendix A at the back of the text to show the compound annual rate of growth in earnings (n=4).
An ongoing approach debate concerns whether to legalize utilize of drugs such as marijuana also cocaine.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Explain how is the activity reflected on the balance on current (BCA) account different from the activity reflected on the capital and financial accounts (BFA).
Discusses an example of a regulatory measure which was supposed to serve public interest, but in reality serves private interest.
Dependency theory characterizes countries as being either in the center or on the periphery
Your mutual fund increased in value from $10 to $40 over the last 15 years. Illustrate what was the average annual return with continuous compounding for the mutual fund over the 15 year period.
Illustrate what are the main differences between Lenin's theory of how to bring about socialism and that of Bernstein's
Illustrate what is the difference between absolute advantage and comparative advantage. If a country has an absolute advantage in both goods.
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