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What is wealth and who owns how much of it? What are assets and debts? What impact does your level of wealth have on the types of assets you can acquire?
For proportional tax system presented in table 7, illustrate what are average tax rates for people earning $50,000, $100,000 and $200,000. Illustrate what are corresponding average tax rates in regressive and progressive tax systems.
What bundle of apples and kumquats should he purchase to maximize his utility?
According to Kulish, what is about the design of the euro currency that lessens its appeal compared to prior national currencies?
Marginal economics textbooks typically cover the issues of market structure and cover perfect competition in some detail. However, perfect competition actually does not exist in pure form as the conditions are too restrictive for any industry to meet..
In 2006 the CEO of Bear Sterns, James Caynes, received a compensation package of $34 million. The following year Bear Sterns cost $2.7 billion to the taxpayers. Angelo Mozilo and two other top executives were charged by the Security and Exchange Comm..
Contrary to some contemporary writers who appear to base human rights on the decisions of governmental officials, human rights are more securely based on _____________, which can be traced back from the works of modern thinkers such as Locke & Jeffer..
Suppose that the Fed permanently increases the growth rate of the money supply. According to the Friedman effect as discussed in class, what will happen to both nominal and real interest rates in the short-run? In the long-run? Explain why.
Explain how a monopolist chooses its profit-maximizing price and quantity. The paper should then discuss how the monopolist’s profit-maximizing decision affects price, quantity traded, consumer surplus and producer surplus, compared to a competitive ..
Assume that you have two ways to get the money, one way is to have it at present, so PV=10,000, another way is to get it in the future, so FV=11,000. Which one would you like to choose ? Why?
Identifying and shaping public opinion has become a major goal of campaigns and elections. Identify and discuss the process by which people develop their political ideas. What are the four traditional agents of socialization and three additional new ..
Explain how might a firm's resources limit its search for opportunities. Cite two specific examples for two specific resources.
The simple deposit multiplier formula calculates that if the required reserve ratio is 10%, then an initial checking account deposit of $10,000 will set in motion a sequence of events that will result in a total increase in checking account deposi..
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