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The __________ exists because diminishing public revenues are not sufficient to cope with the influx of the poor,
unskilled, and uneducated.
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Solved in 2 steps
- _________ occurs when a city is unable to supply adequate jobs and housing for its inhabitants.When the price is 10 TL for each pack of cookies, the supply is 250 thousand and the demand is 120 thousand boxes. When the price is 9,5 TL for each pack of cookies, the supply is 200 thousand and the demand is 240 thousand boxes. Since the price-demand and supply-demand equations are linear; Calculate the producer and consumer annuity and find and interpret the market equilibrium point after-tax if the consumer is taxed at a rate of 0,75 TL per product.If the shift towards remote work for highly-compensated technology workers becomes permanent, what might the ramifications be for state and local government budgets?
- a) A concerted reduction in the total production level in oil markets.b) The implementation of a minimum wage.c) The implementation of subsidies to agricultural production in Australiad) The implementation of a Carbon tax in the resources exploitation sector. A Carbon taxis charged according to the level of emissions of greenhouse gases in an economy.e) The implementation of a new loan program to university students in the educationsectorCommunication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input- output table involving these two sectors was as follows (all figures are in millions of dollars). From To Equipment Components Total Output Equipment Components Need Help? Read It 5,800 23,000 90,000 400 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $78,000 million of communication equipment and $89,000 million of electronic components. Round answers to two significant digits. $ equipment components $ X millions X millions 29,000 140,000Which of the following importation is not subject to consumption tax? * Importation of ornamental seashells Importation of bottled drinking water Importation of ingredients used for finished feeds Importation of wood All of the above
- One popular way governments try to ameliorate market failures is by imposing taxes or offering subsidies. These policies change prices of goods and services so that individuals ___________ the _________ environmental effects of their production and consumption decisions. Fill in the gaps above.A population with an excess of births over deaths will experience __________.Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day. To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate for hotel rooms rises to $85, and the number of rooms rented falls to 800. This tax raises __________ in government revenue and causes a deadweight loss of __________ in this market.
- What is the government policy that supports research and development (R&D), doesn't involve the government's close scrutiny of specific projects, and gives firms a reduction in taxes depending on how much R&D they do? Select the correct answer below: federal grants political financial assistance research and experimentation (R&E) tax credit the Sonny Bono Copyright Term Extension ActWhat does the research and experimentation tax credit do? It offers a tax benefit to individuals who work in research and development. It offers firms a tax reduction depending on how much research and development they do. Generates significant tax revenue for the federal government. It offers firms a tax reduction depending on hiring of scientific and technical personnel.Evaluate the social economic welfare changes arising from a government tax on production of cigarettes in Hong Kong. Hypothetical 2021 data are provided as follows: The average price of cigarette is HK$60 per packet and the total quantity of cigarettes consumed per month on average is 20,852,000 packets. The per-unit tax imposed on the domestic cigarette production is HK$18 per pack (equivalent to 30% of the price for a packet of cigarette). The local demand for cigarette is price inelastic (which is assumed to be 0.1, 0.5 or 0.9). The supply is price elastic (which is assumed to be 1.5, 2.0 and 2.5). a. Calculate and tabulate all your empirical results using The Microsoft Excel Spreadsheet. The application of Excel for the computations will be taught and demonstrated in the tutorial class. Write up your final term paper by following the recommended format (which will be discussed in one of your tutorial classes).