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Economists often concentrate on issue of economic efficiency in analyzing tax systems. What other factors might impact real world tax decision-making in addition to efficiency? ECON 510 -Taxation
Which of the following statements describes a change in the quantity supplied and which describes a change in supply??
Define the terms listed below. You should write a paragraph explaining each concept as if you were writing for your 15-year-old sibling (or a high school textbook). Fiscal Policy, The Multiplier Effect, Full Employment, Automatic Stabilizers
Illustrate what factors contributed to Hong Kong Disney's poor performance during it's 1st year
Suppose the production function for oranges is Q = k^1/3 L^1/3. Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ? Does this cost function have increasing or decreasi..
You are purchasing a new car for a price of $38,000. The dealer is offering two financing programs. Program 1 will allow you to take possession of your new car and defer your first payment for 6 months. Interest accrues monthly on your purchase durin..
If firms can easily substitute another input for the one that has increased in price, there may be little increase in costs. If an input constitutes a large fraction of total costs, an increase in its price will raise costs significantly.
What has caused most of the deficit pre-WWII? Since WWII? Since the 1980s? What is crowding out? Crowding in? Why do we have a twin deficits problem? How did the US run a budget surplus in the 1990s? What changed in the 2000s causing permanent defici..
Assume that the firms act independently as in the Cournot model i.e., each firm assumes that the other firm's output will not change.
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat."
You plan to deposit an amount into a savings account that pays 3.5% annual interest. How many years you have to wait until your money doubles? You have a $4,000 and consider putting it in a savings account that pays 2.85% annual interest rate. How ..
Explain in words why an employer would never want to stop increasing the quantity of labor employed when the marginal product is above the average product of labor.
Fred's Foundry is a price taker in both product and factor markets. The wage of unskilled workers is $10 per hour and skilled workers can be hired for $25 per hour. If Fred is not technically efficient, what changes in the number of skilled and unski..
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