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What are the advantages of creating off-budget funds to which certain revenue streams are directed automatically instead of going through appropriation process?
Suppose that you are hired, with your economics degree, to forecast revenue. Describe the process by which you would go about developing those forecasts.
Using the internet, find out what kinds of actions have been taken to correct this negative externality.
What would the traditional model of rational economic man recommend as a strategy to induce people to take better care of their health?
If the average person claiming a tax deduction was in the 25 percent bracket, how much did this subsidy cost the government?
How do neighborhood associations and homeowners' covenants control negative externalities and encourage (or require!) positive externalities?
How does national sovereignty limit our ability to manage common pool resources appropriately?
What kinds of social institutions or practices (such as values, education) might influence human motivation and behavior so as to reduce free-riding?
You, as president of the association, have to help them find a solution. How might you determine the highest and best use of this property?
What is the appropriate price to charge? Does the answer differ if marginal cost is falling instead of rising at that level of demand?
Suppose you are charged with financing the construction and operation of a lighthouse. Who benefits? Do some groups benefit more than others?
How would you determine a charge? Would it be peruse, a flat fee, or a combination? What factors would influence your choice?
Analyze the effect of a percentage tax on corporate profits on the monopolistic firm's output level and the price of the product.
What steps could be taken to make the federal individual income tax more progressive? Less progressive?
How does what we know about actual people and their limitations alter the importance of stability and gradual change?
Some economists have argued for a balanced state-local revenue. How would you defend (or criticize) that model in terms of the criteria in this chapter?
Why do you think Alaska and New Hampshire chose to consider adopting an income tax rather than a sales tax as a way to increase state revenue?
What kinds of taxes would be most important to you if you were considering a location for a corporate headquarters?
How might the motivation for working be expanded to include other reasons? What are some of those other reasons?
Analyze both a specific tax on gasoline and an ad valorem tax on gasoline and determine the new price and quantity and the division of the tax burden.
How does thinking globally rather than thinking nationally alter your cost-benefit analysis of controlling the amount of fish harvested in any given year?
One of the challenges in cost-benefit analysis is getting people. How might these two dimensions of choice complicate the task of cost-benefit analysis?
How would you go about gathering the relevant information about benefits? Whose benefits would you include?
What other factors might you want to take into account? How would your answer be different if the interest rate was 8 percent?
What kinds of country-specific influences might explain the great diversity in government spending as a share of GDP among industrial nations?