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In the fall of 2005, the president's tax reform commission issued a final report. The commission called for a general cut in marginal tax rates; lower tax rates on dividends, capital gains, and interest income; and, more importantly, the expensing of investment in capital equipment. These provisions were argued to be "pro-growth." In what ways would you expect each of these proposals to be favorable to economic growth?
For this case, we want to apply queuing theory to Dr. Thompson's practice. The data in Table 16.7were collected over several days of typical activity and the histograms indicate that arrival rates and service rates fit a Poisson distribution. Figu..
In addition suppose that coffee costs $1 per cup, doughnuts cost $1 each and omar has a budget that he can spend only on doughnuts, coffee or both. How big would that budget have to be before he would spend a dollar buying a first cup of coffee.
Traditional free-trade theories are based on six crucial assumptions, which may or may not be valid for developing nations (or for developed nations for that matter). What are these crucial assumptions, and how might they be violated in the real w..
Oil refiners are incurring losses and plan to cut production.Are China's price controls price floors or price ceilings? Draw a graph to illustrate the shortages of coal and gasoline created by the price controls.
Use this book only: Fred S. Kleiner's Gardner's Art Through the Ages: A Western Perspective, Volume II (14 th edition)
Suppose the price level and value of the dollar in year 1 are 1 and $1, respectively. If the price level rises to 1.25 in year 2, what is the new value of the dollar? If, instead, the price level falls to .50, what is the value of the dollar? What..
What do economists mean when they say that monetary policy can exhibit cyclical asymmetry? Why is this possibility significant to policymakers?
Conclude situations that present potential ethical and ethical issues, and develop solutions for those issues. Appropriately use effective communication techniques.
How is full-employment output, Y, determined in the Keynesian model with efficiency wages? In this model, how is full-employment output affected by changes in productivity (supply shocks)? How is it affected by changes in labor supply?
suppose xt 105t and yt 102t. calculate the growth rate of zt in each of the following casesa z xyb z xyc z yxd z
Use your direct demand function to construct an equation and column for TR. What is the total-revenue maximizing price and quantity, and how much revenue is earned there? Compare that to the TR when P = $83 and P = $70.
In the derivation of the Solow growth model, we assumed that government spending and taxes less transfers were both zero. Relax that assumption and assume that both are constant graction of GDP, say T = G = gammaY. What is the steady state level o..
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