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Under a competitive market, a new tax will impose an economic burden, A. The suppliers/producers who must pay the tax to the government B. The consumers/demanders who must pay the tax to the government C. The tax will must be paid by the business, who makes the profits. D. The entity who pays the tax is not always the entity who bears the tax incidence.
When graphing a demand curve showing the effect of "news about the susceptibility of cellphone users to brain cancer" has on the demand schedule and curve for cellphones where would the "news about.." go on the graph, would that replace the price? If..
Which is the safer investment, Company A Stock, Company B Stock, or a porfolio containing half of each If you make a lucky prediction about the prices of the stocks of the two companies, will you earn more or less if you invest in that company rat..
q1. using the formula for beta1 and beta0 show what will happen to the estimator of the slope and intercept in the slr
Today we see a lot of activity within the international trade arena as the U.S. trade deficit has soared to a record high. Trade is designed to create bigger market opportunities, so why is the balance of trade so out of balance for the U.S.? Is it b..
The success of the apple ipad leads more firms to begin producing tablet computers. In the six months following the japanese earthquake and tsunami in 2011, production of automobiles in japan declined by 20 percent.
Consider the case of a poor country that receives foreign aid. The aid consists on donations to consumers which represent an increase in their lifetime income of 5%. One of your economist friend is against this foreign aid program. He says that it do..
q1. a has the u.s. economy experienced inflation or deflation during recent recessions? elucidate.b can the inflation
You have a choice of borrowing money from a finance company at 24 percent compounded quarterly or borrowing money from a bank at 26 percent compounded annually. Which alternative is the most attractive? If you can borrow funds from a bank at 26% comp..
Suppose a representative consumption basket of a consumer consists of 10 candies and 5 sodas. The prices of these goods for different years are given below Candies Soda 2011 $1 $2 2012 $1 $3 2013 $2 $4 For each year, compute the cost of the basket
What is a standardized budget deficit/surplus? How is it different from actual budget deficit/surplus? How is budget deficit/surplus related to public debt? What is the approximate percentage of US public debt that is owned by foreigners? What is the..
Consider a market where demand is d:p=24-Q and supply is s:p=2+Q. impose a specific tax t= $2 on each unit sold in the above market.
By spending $20K now, $25K three years from now, and $30K five years from now to upgrade presently owned equipment, a company can increase its annual revenue by $15K in years 1 through 5 and by $18K per year in years 6 through 10. At an interest rate..
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