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Suppose that a city mayor proposes to pay for the acquisition and construction of public parks by implementing a 7-year local sales tax. Someone argues that the financing mechanism should instead be something that is spread out over more time, noting that a person who moves here 8 years from now would get to enjoy the parks but under the current proposal wouldn't pay for them. Similarly, this individual argues that those who live in the community now pay for it, but if they move, they won't benefit at all from it after a few years. The mayor argues that those who move out of this area will in fact benefit from the parks beyond their personal use and that those who move to this area after the 7-year period will implicitly pay for the access to the parks. What does the mayor mean?
Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..
Between 1950 and 2006, the price of wheat fell dramatically from $15.81 per bushel to $3.40 per bushel. Suppose b/w 1950 and 2006, the supply of wheat increased substantially due to increases in productivity, shifting the wheat supply curve to the ri..
The monopolist is currently charging a high price, and you have calculated that you can make a nice profit charging 10% less than the monopolist. Before you go ahead and challenge the monopolist, what possibility should you consider for how the monop..
Halle describes “Third-worldism” as an automatic resistance to change among poorer countries to proposals that come from richer countries. What could be done to overcome this distrust?
For any given level of output:
Intelligence testing at its inception measured one notion of intelligence. The work of Gardner, Spearman, and others has challenged that notion. In this assignment, write a paper that addresses the idea of what intelligence testing should actually..
Explain using a diagram how a tax cut in period two affects consumption in both periods. Assume that average consumer does not believe that he/she or anyone in family will ever have to pay higher taxes in future to offset current cuts.
q.assume that an economy characterized by m 6000 billionv 2.5p 100a illustrate what is the real value of output q?
Illustrate which of the following is an example of the legal-regulatory environment surrounding advertising also promotional activities of businesses.
What is the current state of the US economy? Define how GDP is doing in each of its components (Consumption, Investment, Government Purchases and Net Exports).
Illustrate what is the relationship between the Phillips curve, cumulative demand also cumulative provide.
A financial institution has entered into a 10-year currency swap with company Y. Under the terms of the swap, the financial institution receives interest at 3% per annum in Swiss francs and pays interest at 8% per annum in U.S. dollars. Interest paym..
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