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Which one of the following statements regarding taxation is correct?
[1] In a good tax system, various taxpayers with different income are taxed the same.
[2] The aim of taxes is to distort relative prices and change the behaviour of taxpayers.
[3] Taxes which induce taxpayers to change their behaviour are not neutral.
[4] Administrative simplicity in the tax system ensures neutrality and equality.
Define the price elasticity of demand and the income elasticity of demand.
A country with a civilian population of 120,000 (all over age 16) has 100,000 employed and 10,000 unemployed persons, of which 5,000 are frictionally unemployed and another 3,000 structurally unemployed. Given the above data, complete the following questions, show your work: (20 points) a. What is the size of the labor force? b. What is the actual unemployment rate? c. What is the labor force participation rate? d. What is the employment/population ratio? e. What is the natural rate of unemployment?
An appropriate government intervention in the economy
what are the possible ways that economists suggested to overcome economic slowdown
what are the possible ways that economists suggested to overcome economic slowdown
1. The dean of a college faces the following costs: graders, faculty, classroom space, and chalk. Of these costs, which are likely to be variable in the long run?
2. Suppose that you and your roommate have started a Bread delivery service on campus.
a. List some of your fixed costs and describe why they are fixed.
b. List some of your variable costs and describe why they are variable.
what are the possible ways keynes and other economicst have suggedted overcoming economic slowdown
In Karachi Nuplex Cinema has a monopoly on the rights to show movies throughout the city. The monopolist knows the price elasticities of demand for movies by children and adults which are 4 and 0.22 respectively. Suppose the monopolist can charge different prices for the children and adults
Cinema has a monopoly on the rights to show movies throughout the city. The monopolist knows the price elasticities of demand for movies by children and adults which are 4 and 0.22 respectively. Suppose the monopolist can charge different prices for the children and adults.
Explain why the monopolist can charge different prices.
Explain for whom shall the monopolist charge higher prices and why. Draw graph to support your answer.
