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Question: Imagine that you recently traveled to another country and noticed that the prices on products were the same prices you paid at checkout. That is, no sales tax was added to the purchase price at the checkout, as it is in the United States. Research and present at least five pros and five cons of value added taxes. Conclude your video describing who benefits from the implementation of value added taxes.
At the end of your video provide a one minute reflection as to what you learned from doing this activity. Create your video in MP4 format using the recording application of your choice and post the video in the Discussion Area.
Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia and what is Thorpe's marginal cost of GPA? Show and explain how his MC curve is derived.
How do regional trade agreements affect labor, financial and intellectual capital mobility? In what ways do they cause trade diversion versus trade expansion
In a perfectly competitive market, demand is QD = 32 - 1.5P and supply is QS = -20 + 2.5P. Find equilibrium price and quantity and producer and consumer.
Post a real-world example of how a change in demand resulted in a change in the market price. Provide a second example of how a change in supply resulted.
How to do decision under uncertainty question (Consider First Order Stochastic Dominance (FOSD) as a criterion for choice under uncertainty.For each axiom in (a) , (b) and (c) below: 1. Determine whether or not the axiom is satisfied by..
difference between a movement along and shift of the demand curve
A change in the meeting time of the introductory one’s decision to go swimming economics course from 11:00 A.M. to 7:30 A.M. on one’s decision to attend the lectures
Will the scenario you have described in part (b) be a stable long-run equilibrium? Why or why not? Once again using separate diagrams for both the industry.
Suppose that we are comparing two countries that are similar in every respect except the education of their population. In country 1, adults have 10 years of education. In country 2, alladults have 4 years of education. Use intuitions from the Solow ..
The initial post must include in text citations and a reference list. Include a reflection and conclude with a question ? Write with this topic. 1} Focusing on Financial Impact & Innovation
Why society has chosen the Mixed Economy. Write a short essay using complete sentences and proper grammar which: Gives two goals desired by society that the pure market economy is largely successful in reaching and explain why the market is able to a..
How would you analyze each study's validity? What information would you need in order to be able to do so, and is that information present in each article?
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