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Why do most modern societies try to reduce poverty? Why don't they do so by simply passing a law that requires that everybody have the same income?
How would this distinction factor into your thinking about whether such people should be officially classed as employed or unemployed? Explain.
What impact do you think this change had on (i) the unemployment rate and (ii) the average duration of unemployment? Explain.
How does the structure of a country's tax system affect who decides to immigrate into the nation or emigrate out of the nation?
How does a wealth tax affect your incentive to accumulate wealth? How does it affect your incentive to work hard?
How do you suppose this country ranks in terms of its degree of capitalism? Test your prediction by going to the Fraser Institute's Web site.
Do you think such noncash benefits are more likely to be made available to poor people in a rich nation or in a poor nation? Explain your answer.
The automaker BMW, whose corporate headquarters is in Germany, makes its X-series sport utility vehicles in South. Who is outsourcing what to whom? Explain.
Who has gained and who has lost as a result of the return of the call centers to this continent? Explain.
Explain why IBM would undertake this move. Then explain the short-run and long-run effects of this outsourcing.
What is the economic order quantity if price is not a consideration? 348.57 units (round your response to the nearest whole number)
How do employers respond to labor laws that make it difficult or costly to fire incompetent workers? Do such laws actually yield higher employment levels?
Why would you predict that a much larger share of total economic activity due to the underground economy will exist when a country's government is very corrupt?
What is the relevance of marginal income tax rates when seeking to understand the extent of a country's underground economy?
Identify at least two other factors that you think are important to take into account when assessing whether the differences you observe are likely.
Explain why the incentives of individuals and businesses are chiefly affected by changes in marginal tax rates -that is, the percentage of the next income.
If you found yourself paying such a 91 marginal tax rate, how great would be your incentive to find legal loopholes to reduce your federal tax liabilities?
How will the size of the response differ, say, a year after the rise in tax rates compared to a week after the increase?
What would happen to the number of people volunteering to work in the governor's next campaign? Would your decision to invest in a college education change?
What would happen to the number of disabled people if Social Security disability payments were e subject to income taxes? Explain.
Discuss overall state of the economy, especially unemployment rate, and likelihood that individuals with disabilities will discriminated against in workplace?
How will financial institutions and other borrowers pay off the loans made to them by the Fed during the recession?
What impact do you think this change in the law had on (i) employment, (ii) the duration of unemployment, and (iii) the unemployment rate? Explain.
What members of Congress have the most to gain by passing laws that subsidize the purchase of homes by high-risk, low-income individuals?
What elements of the recession of 2007-2009 have led many observers to refer to it as the Great Recession? Do you think this title is warranted?