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Some economists and policymakers have argued in favor of a "flat tax." A flat tax would replace the current individual income tax system, with its many tax brackets, exemptions, and deductions, with a new system containing a single tax rate and few, or perhaps no, deductions and exemptions. Suppose a political candidate hired you to develop two arguments in favor of a flat tax. What two arguments would you advance? Alternatively, if you were hired to develop two arguments against a flat tax, what two arguments would you advance?
A major step toward mastering the economic way of considering is learning to reason in terms of supply and demand. I have listed many questions below to answer and practice these ideas.
When indifference curves are bowed inward, the marginal rate of substitution is
On their way to their chosen resturant, they see that the Mexican and French resturants are closed, so they use a Borda count again to decide between the remaining two restaurants. Where do they decide to go now?
After robbing a bank bonnie and Clyde are caught by the police and are separately given the choice to be silent or to confess and blame the partner. If both are silent, each gets one year in prison
Ehrenreich writes that hiring a cleaning person was "not the kind of relationship that she wanted to have with another human being." What does she mean?
The United States has been the largest exporter of corn for over 40 years. How can Economics and comparative advantage explain this? Other countries have no use for corn since they produce other foods.
a firm has production function q2lkk . the price of labor is w1 and the price of capital is r1. l and kdo not have to
Suppose a central bank does not satisfy the Taylor principle; that is, vp is less than zero. Use a graph to analyze the impact of a supply shock.
Sources used to research this person 4-5 non-web based (Periodical, date, pages, etc. MLA) with works sited on the last page. Do not reference the course text book.
The water diet requires one to drink two cups of water every half hour from when one gets up until one goes to bed, but otherwise allows one to eat whatever one likes. Four adult volunteers agree to test the diet. They are weighed prior to beginning ..
The Pangaea Conservancy is considering protecting another area. This area already has four protected areas, shown below in dark gray. In this area, the Pangaea Conservancy has budgeted $25 million to purchase land from private landowners so that i..
The average 15-year old purchases 12 CDs and 15 cheese pizzas in the typical year. If cheese pizzas are inferior goods, would the average 15-year old be indifferent between receiving the $30 gift certificate at local music store and $30 in cash?
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