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Answer: c. 30% The corporate profit tax is one of the main sources of government revenue. Big business pays 30%, or about one-third, of the total revenue collected from the corporate profit tax. How does the corporate profit tax work?

Answer The Federal Reserve (Fed) has various tools to influence the US economy, such as setting the target federal funds rate. If the Fed wants to lower nominal interest rates in the short-run, it will lower money growth and in

Answer: When the Fed Conducts an Open Market Purchase The Federal Reserve (Fed) will conduct an open market purchase when it buys government bonds from the public. This increases the loanable funds in the economy by the amount of the

Answer: The most important consideration in limiting the ability of the Fed to affect long-run economic growth is the logic of the Quantity Theory. The Quantity Theory of Money states that the money supply and the price level of goods

The Fed’s Limitations in Affecting Long-Run Economic Growth The Federal Reserve has the power to influence short-term economic growth, but its ability to affect long-term economic growth is limited. The most important factor in this limitation is the lack of

Answer: What is the Most Important Consideration in Limiting the Ability of the Fed to Affect Short-Run Economic Growth? The most important consideration in limiting the ability of the Federal Reserve to affect short-run economic growth is its imperfect control

Answer: Demand and Supply of Good X Before and After the Boycott When people choose to boycott foreign products (Good X) due to local sentiment, the demand for the product decreases and the supply increases. This shift in demand and

Summary The Riddle of the Rosetta Stone describes the conflict between the British and the French in which the British troops landed near Alexandria, a Turkish army marched into Egypt from Syria, and the French were ultimately forced to surrender

Fiscal Policy Fiscal policy is an economic policy through which a government adjusts its spending and taxation levels to influence the overall economic activity. The main objectives of fiscal policy are to maintain price stability, achieve full employment, and promote

Answer: A competitive equilibrium is a state of affairs in which all economic agents are price takers, markets clear, and output is maximized. In a competitive equilibrium, all agents are equally well-off and there is no economic incentive to change

Answer: Declining Profits in the Market for Internet Service Declining profits in the market for Internet service cause several firms to drop out of the market. This causes a decrease in the equilibrium price and quantity. This can be represented

Answer: Declining Profits in the Market for Internet Service When profits in the market for Internet service decline, it can force several firms in the area to drop out of the market. In this case, the equilibrium price and quantity

Answer: Effect of Reduction of Service Providers on the Market Equilibrium The reduction of the number of service providers in a market with declining profits will result in a decrease of supply, leading to excess demand at the initial equilibrium

Summary: Being a director of socials in a school is an important role as it involves taking charge of the events and activities that students participate in outside of the classroom. There are a variety of activities that can be

Activities as a Director of Socials Being a Director of Socials requires a great amount of creativity and out-of-the-box thinking. It is the main task of a Director of Socials to create events and activities that will engage the target

Examples of Interesting Activities in an Academic Environment The academic environment can provide many interesting and engaging activities that can help students learn and grow. From individual study and projects, to group activities and field trips, there are many ways

What is an Academic Environment? An academic environment is a setting for learning, teaching, and research that is typically associated with learning institutions such as universities, colleges, and secondary schools. Programs done in an academic environment are usually those that

Answer: Marginal Cost Equation and Calibration Value The marginal cost equation is used to calculate the cost of hiring labor from a household, which is given by the equation ψt=Wt/((1-α) 〖Nt〗(-α) ) where Wt is the wealth of the household,

Marginal Cost Marginal cost is the cost of producing one additional unit of a good or service. It is the addition to total cost resulting from producing one extra unit and is calculated by dividing the change in total cost

Answer: Household Budget Constraint The household budget constraint is a financial constraint expressed in terms of the total amounts of money and goods that a household can spend on a given time period. It is expressed as: $$Ct + Bt+1=

Answer: Aggregate Demand and Short-Run Aggregate Supply The aggregate demand and short-run aggregate supply curves provide an overview of the economy’s overall demand and supply. The aggregate demand curve (AD0) is a downward-sloping curve that represents the total demand for

Answer: What is 8000? 8000 can refer to a variety of different things, depending on the context. 8000 is a number that can be used to represent a variety of different measurements, including feet, meters, grams, milliliters, and more. It

The Utility Function of the Consumer The utility function of the consumer is an equation which reflects the total satisfaction derived from the consumption of two products. In this case, the utility function is given as: U = 4×1/4y3/4. The

Answer: The relative importance of self-insurance versus social insurance programs for the consumption smoothing of an individual depends on two key factors: the individual’s financial resources and the availability of social insurance programs. Individual’s Financial Resources The individual’s financial resources

Answer: The Earned Income Tax Credit (EITC) is a policy that has been implemented in the United States since 1975. Generally, it rewards low-income households with a tax credit, thereby increasing their disposable income. Research has shown that the EITC

Answer The total overhead expenses for the technical department for the month was Pesos 28,600. The project employed one architect, 6 engineers and 7 draftsmen who worked 8 hours a day for 15 days during the month. The total part

Answer: Part of Total Overhead Chargeable to Multi-Story Building Project The technical department of an engineering consulting firm employed one architect, 6 engineers of different expertise and 7 draftsmen for 15 days during a certain month. The total overhead expenses

Answer The total overhead expenses for the technical department in the given month was 28,600 Pesos. The project employed 1 architect, 6 engineers and 7 draftsman who worked 8 hours a day for 15 days. The total number of people

Answer This question is asking to calculate the total overhead expenses chargeable to the project of a multi-story building. The project involved one architect, 6 engineers of different expertise and 7 draftsmen, and they worked 8 hours a day for

Answer: Overview The accounting department for an engineering consulting firm indicated that the total overhead expenses for a certain month for the technical department was 28,600 Pesos. This question asks what part of the total overhead is chargeable to a

French and Song 2014 Disability & Labor Supply Methodology In 2014, French and Song published a study that explored the labor supply of people with disabilities in the United States. The study used data from the Medical Expenditure Panel Survey

Introduction This paper analyzes the effects of disability insurance (DI) receipt on labor supply for Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) recipients in the United States. The authors take a comprehensive view of the labor supply

Answer: Place-based policies in 21st century America Place-based policies refer to policies that target a particular geographic area for economic development. Austin, Benjamin A., Edward L. Glaeser, and Lawrence H. Summers discuss the effectiveness of such policies in their paper

The Earned Income Tax Credit The Earned Income Tax Credit (EITC) is a federal income tax policy that was aimed at promoting labor supply by providing a tax credit to low-income, working families. It is designed to supplement wages, increasing

Analysis of Earll Investments and Pima Financial Trading The investment opportunities provided by Earll Investments and Pima Financial Trading should be reviewed carefully. Earll Investments provides a wide range of investment products that offer high returns and low risks, while

Solution to Money Supply Linearization The linearization of the money supply equation is a mathematical process of converting a non-linear equation to a linear equation. This process is useful in economics because linear equations can be solved more easily than

What Does It Mean to Log Linearize Money Supply? Log linearizing money supply means to convert the nonlinear equation to a linear equation in order to make calculations easier. In this case, the equation is being used to describe the

What is Log Linearization? Log Linearization is a tool used by economists to transform non-linear equations into linear equations that are easier to solve. It is used to approximate the behavior of an economic system by breaking the equation into

Calcolare l’effetto del fiscal drag sul reddito netto reale di un individuo Il fiscal drag è un fenomeno economico che si verifica quando l’aumento dei prezzi supera la riduzione delle tasse sul reddito. Quando si verifica questo fenomeno, la quantità

Answer: Calcolare l’Avanzo Primario per Ridurre il Rapporto tra Debito e PIL L’avanzo primario è una misura della bilancia dei pagamenti che descrive la differenza tra entrate e uscite del governo in un dato periodo di tempo. Per ridurre il