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Q1. The taxing agency in your state would like to impose a sales tax in a way that minimizes deadweight loss. To achieve this goal it should tax
luxuries.
all goods equally.
necessities.
goods but not services.
Q2. To what extent does educational planning in the policy decision ought to be guided by economic considerations?
Q3. Determine whether each of the following increases, decreases, or remains unchanged in the short run: the market interest rate, the quantity of money demanded, investment spending, aggregate demand, potential output, the price level, and equilibrium real GDP.
Gains from trade will result if a country specializes.
DHL prides itself on having its own staff of more than 300,000 people spread across the globe, instead of relying on local agents.
What is the difference between a production function and an quant. Explain the law of variable proportions with the help of quant.
What happens to the demand for Sara's sweatshirts in long run. In long run, what happens to Sara's economic profit.
Using the formula for β^1 and β^0, show what will happen to the estimator of the slope and intercept in the SLR model if y is multiplied by the constant k, and at the same time x is multiplied by the constant m.
A competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.
Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.
Write down the budget constraint of the representative consumer and Write down the maximization problem of the representative consumer and find labor supply
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
When you purchase and eat a hamburger, no one else can eat the same hamburger. When you download a file on the Internet, the file is still available.
The fact that a percentage of the interest income paid by one corporation is excluded from taxable income has encouraged firms to use more debt financing relative to equity financing.
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.
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