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Suppose that the trade pattern of a country is that it exports foodstuffs and imports fancy sports equipment. Can you make a case that trade acts like a regressive tax in its impact on the distribution of real income and welfare within the country?
A farmer grows a bushel of wheat and sells it to a miller for $1.00. The miller turns the wheat into flour and sells it to a baker for $3.00. The baker uses the flour to make bread and sells the bread to an engineer for $6.00. The engineer eats the b..
Elucidate how the circular flow diagram also explain the interaction of households, government, and business.
Illustrate and discuss the questions that emerged from Walras research strategy.
Local government in a west Coast college town is concerned about recent explosion in apartment rental rates for students and other low income renters.
google books has a new feature that allows users to search for the historical use of specific words within the
Can you tell whether this firm is in a competitive industry and if the industry is in a long-run equilibrium?
Suppose the government removes a tax on buyers of a good and levies a tax of the same size on sellers of a good. How does this change in tax policy affect the price that buyers pay sellers for this good, the amount buyers are out of pocket includi..
Assume an employer offers a base wage of twenty dollar per hour for the 1st 40-hours of a work each week and overtime pay of thirty dollar per hour for any hours beyond forty per week,
Show your budget constraint between labor and wages, and show your optimum point.b. Suppose that the tax law is changed so that all wages are subject to a 25% tax. Do you now work more or less than 10 hours? Does the government collect more or les..
1. given the following demand and cost functions determine the output and sales level that maximize profit.demand
the supply of paper is described by the following equation qs 5000 p..... where qs is tons supplied per year and p is
1. if there is no shock and yet the economy in the sr has an excess supply es of goods and an excess demand ed for
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