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Several of the men and women currently running for President of the United States have suggested modifying the current tax code. Select a presidential candidate, go to his/her website, and read about his/her tax proposal. Explain how well the tax proposal meets Stiglitz’s five characteristics of a good tax system. In your answer you need to let us know which candidate you choose, so we can evaluate your work. If you’re preferred presidential candidate doesn’t say anything about taxes, choose another candidate.
What ways can you think of,grounded in the political economy of trade policy, by which preferences could pave the way toward world trade liberalization? How could they retard it?
Consider two rms facing the demand curve P = 50- 5Q where Q = Q1 +Q2 . The rms cost functions are C1 (Q1 ) = 20 + 10Q1 and C2 (Q2 ) = 10 + 12Q2. If they collude, how much will each firm produce? What would be each firm's prot?
Greener Grass Company (GGC) competes with its main rival, Better Lawns and Gardens (BLG), in the supply and installation of in-ground lawn watering systems in the wealthy western suburbs of a major east-coast city. Derive algebraically the quantities..
q1. the original revenue function for the microchip producer is r ocircdegsbquo 170q ocircdegeuro 20q2. derive the
A liquidity trap is a condition where the money demand curve is perfectly elastic. Using the new Keynesian sticky prices model, show what happens if the monetary authority tries to use monetary expansion when a liquidity trap exists.
All Industries can increase the volume of goods or services sold by cutting prices.
What generalization can you make asd to the relationship between marginal revenue and elasticity of demand? Suppose the marginal cost of successive units of output was zero.
The only two goods that give Bart utility are soap and calculators. When calculators cost $8 each and soap costs $2 per bar, his optimal consumption bundle is 8 bars of soap and 4 calculators. What is his income? Now the price of soap rises to $3 and..
In the Bismarck model,
Fifty years later, the federal resources for public education shows approximately 10% of the public education budget.
The global movement toward generally freer trade
Retail sales taxes are used at the state and local level to finance general fund expenditures. In other words, the tax revenue collected via the sales tax is not tied directly tied to benefits received by each taxpayer. Retail sales tax fair? (9 poin..
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