Q1 state two economic principles of taxation and which

Assignment Help Business Economics
Reference no: EM13354195

Q1. State two economic principles of taxation and which principle best justifies the excise tax on gasoline, when the tax revenue is used to maintain or improve the roads?
Which principle best justifies the progressive U.S. taxation profits of corporate? Clarify.

Q2. 1) "Unemployment is more important problem than price increases". This kind of statement is normative or positive?
2) You are given a choice between two movie passes, dinner at a Red Lobster and a new book. What is your opportunity cost? Explain.

Reference no: EM13354195

Questions Cloud

Qread through the budget speech presented by the minister : q.read through the budget speech presented by the minister of finance on 22 february 2012. explain in detail whether
Q1 what does monumental architecture imply about the : q1. what does monumental architecture imply about the cultural values and the socio-economic-political organization of
Qfor the countries of austria and albania summarize the key : q.for the countries of austria and albania summarize the key characteristics of their economic systems while paying
Q1 if the production possibilities frontiers shown are each : q1. if the production possibilities frontiers shown are each for one day of manufacture subsequently which of the
Q1 state two economic principles of taxation and which : q1. state two economic principles of taxation and which principle best justifies the excise tax on gasoline when the
Qassume that you live in a simple economy in which only : q.assume that you live in a simple economy in which only three goods are produced and traded fish fruit and meat.
Qproblem 1 use 2 goods to construct a production : q.problem 1 use 2 goods to construct a production possibilities curve. explain what a variety of different points on
Qconsider two goods that are perfect complements for : q.consider two goods that are perfect complements. for instance car frames and tires. an individual likes owning cars
Qyou are given the market data that says when the price of : q.you are given the market data that says when the price of cake is rs. 60 the quantity demanded of cake is 80 slices

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

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.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd