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the higher a countrys tax rates the more likely that country will bea at the top of the laffer curveb on the positively
suppose the tax on liquor is increased so that the tax goes from being a medium tax to being a large tax as a result it
suppose that the equilibrium price in the market for widgets is 5 if a law reduced the maximum legal price for widgets
1 betty can make either ldquo12 bottles of wine and 0 boxes of chocolatesrdquo or ldquo0 bottles of wine and 96 boxes
draw in excel an isoquant that shows little substitution between two factor inputs and on that shows large substitution
explain how the raising of short-term interest rates would affect all of the following in the united states the
donald is a stamp collector the only things other than stamps that donald consumes are harolds doughnuts it turns out
you put money into an account one year later you see that you have 5 percent more dollars and that your money will buy
consider an environment where an agent could be either employed e or unemployed u letrsquos normalize e u 1 so that e
martha has the utility function ux y min 4x2y write down her demand for x and y as functions of the variables m px and
with the help of a diagram show how home will benefit from trade according to the ricardian model in your diagram
the steady-state rate of unemployment is ul ssf suppose that the unemployment rate does not begin at this level show
with some services eg checking accounts phone service or pay tv consumers choose between two or more payment plans one
what 3 concepts are most important to remember about the concept of design why in your view are these most important
consider a shrimp restaurant at fishermanrsquos wharf in san fransisco the chef at the restaurant chooses whether to
start with your factors of production on page 34 and then briefly describe whether these resources were allocated
redstone clayworks inc is located in sedona arizona and manufactures clay fire pits for patios they are one of about
suppose that the market for polo shirts is a competitive market the following graph shows the daily cost curves of a
in its rivalry with westinghouse general electric instituted a price protection plan this plan stated that if ge
efficiency-wage theory suggests that to improve workers performance firms shoulda fire all existing workers and hire
an economist estimated that the cost function of a single-product firm is cq 110 20q 30q2 10q3 based on this
efficiency wages area one explanation for the full employment rate of unemploymentb wages paid for time and motion
a rise in the rate of inflation given a fixed nominal interest rate will causea the nominal interest rate to riseb the
suppose total benefits and total costs are given by by 150y minus 10y2 and cy 5y2 what level of y will yield the
after learning the basic estimation techniques in ch 4 which of the following regression models will you choose to