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The price of bread is $0.50 per pound, and the price of butter is $0.25 per ounce. Channing spends all of her income, buying 12 pounds of bread, 7 ounces of butter, and nothing else. What is her income? Draw her budget constraint and identify her chosen consumption bundle.
what are the difference between receipt and payment account and income and expenditure account ?.
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Question 1 a) What are the main characteristics of an Efficient Tax system? b) What are the instruments of Public Finance and explain their efficiency. c) Explain what
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