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Measured in terms of the reduction in private sector output, what is the cost of taxing a dollar away from the private sector and transferring it to the government?
1. One dollar
2. Less than one dollar, because the administration of and compliance with the tax laws creates jobs for people
3. Less than a dollar, because of the excess burden resulting from the elimination of productive exchanges by the taxes
4. More than a dollar, because collection of the taxes requires resources that would otherwise be available for private sector production
Which of the following is a production decision?
The article from economics and it is deals with the price elasticity of demand and supply in the airline industry. Due to very high fixed costs, it is very difficult for a corporation to enter and exit the airline industry.
Almost all of the fossil fuels that we are now currently using were formed during the Carboniferous period. (b) There seems to be a strong correlation between increases in the availability of food energy per person and increases in human populati..
Using graph, illustrate the effect of an increase of the input price on the production and profit of a one input-one output firm with decreasing return-to-scale technology?
Why is it difficult to measure the impact of recreation, leisure and tourism to the economy? What government policies have Encouraged?
A customer quit her job and now runs her own business. Her business an accounting profit of $33,700 and an opportunity cost of $36,700. There is an economic loss of -$3,000. Factoring ceteris paribus what economic advice would you give her
What are some strategies you might use in your life to deal with rising inflation? How might these strategies change if we experienced deflation?
jennifer trucking company operates a large rig transportation business in texas that transports locally grown
Draw the market supply and demand curves. What are the efficient price and efficient quantity and show on your graph consumer surplus and producer surplus and calculate the values of consumer surplus and producer surplus.
One of President Obama's goals is energy independence for the United States. Suppose the President and Congress agree to a revenue-neutral plan to increase tax credits for production of green energy. Using the classical model, verbally and gra..
1.Which of the following resulted in a surge in international lending to developing countries in the mid-1970s to early 1980s? Oil-exporting countries had a low short-run propensity to save out of their extra income.The real interest rates in the ind..
Consider the head of a company that makes apparel and equipment for outdoor enthusiasts must decide what to do about increased counterfeiting of the firm's products.
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