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Did you know that many large countries utilize a national sales tax, or value added tax, to raise revenues? What if, -in an effort to FIX THE ECONOMY, the U.S. decided to do this?
This week, you are tasked with exploring the proposition of implementing a national tax on consumption. As you work on your proposal, please be sure to answer the following questions:
What other countries are doing this and to what degree of success?
How would this work? What/who would and what/who would not be taxed?
Who wins (and to what extent)?
Who loses (and to what extent)?
Do sibs have the expected effect. Explain. Holding medic and feduc fixed, by how much do sibs have to increase to reduce predicted years of education by one year.
A manufacturing company purchased electrical services for the next 5 years to be paid for with $70,000 now. The service after 5 years will be $15,000 per year beginning with the sixth year. the electrical company considered 15% compounded annually as..
Show the Income Consumption Curve for this consumer for income values M = 12, M = 24, and M = 36.
As we noted in class, most members of labor unions work in the public sector, industries that are regulated, or industries in which production is concentrated into a few firms. Consider a perfectly competitive industry with many firms that produce th..
Do you think the U.S. Post Office should be protected from competition What about a pharmaceutical company that has just spent millions to develop a life-saving drug
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
One important difference between an entrepreneurs also a manager is which the former gets into a market before demand increases, while the later gets into the market after the shift.
What happens to an organization when it does not “adapt and learn”? Bureaucracy undermines “new thinking”, discourages disagreeing, misallocates power, it is an enemy of “resilience”, the government, will “stall” if it does not “adapt and learn”.
Illustrate what fiscal policies also monetary policies would be appropriate at this time. You must use at least one article. Use references also APA.
Explain what is happening to both marginal productivity of each additional worker and the marginal cost of each additional unit of output.
You are the manager of a firm that receives revenues of $60,000 per year from product X and $70,000 per year from product Y. The own price elasticity of demand for product X is -2.5, and the cross-price elasticity of demand between product Y and X is..
Discuss the social and economic effects of colonization? How did it contribute the “Price revolution”?
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