You are on the town financial committee. Would you propose sales tax,
social security tax of payroll or progressive tax? Explain.

a. Suppose you are asked to serve on your state commission to revise the tax
system of the state. If you had to choose among a social security type of
payroll tax, a progressive income tax, a property tax, or a sales tax, which
one would you choose? Why?

You and have applied for and successful won a job as senior policy analyst for the Government of Canada (Privy Council) and you have been well trained to handle all aspects of the job. You will be the “go to person” for the Prime Minister on ways to make the economy run more efficiently and fairly, especially from a social policy perspective. As this is a big job, you have hired a team to help find solutions to the social problems facing the country. You get your first call from the Prime Minister and you are asked to evaluate pressing issues facing the economy and country as a whole. You have been asked to explore four key issues and to shed some light on them from a social policy perspective

For the US export subsidy program: Assuming an export subsidy is paid on a per unit basis for products sold outside of the US, other things equal, we would expect that

a) expected price of product in US would: Increase, Decrease, It Depends

b) expected quantity produced in US would: Increase, Decrease, It Depends

c) expected price of product outside of US would: Increase, Decrease, It Depends

d) expected quantity sold outside of US would: Increase, Decrease, It Depends

For the US target price program: Assuming the target price is set above the expected market price, other things equal, we would expect that

a) expected price received by farmers would: Increase, Decrease, It Depends

b) expected quantity produced by farmers would: Increase, Decrease, It Depends

c) expected price paid by consumers would: Increase, Decrease, It Depends

d) expected quantity bought by consumers would: Increase, Decrease, It Depends

e) the target price program is “market oriented”: Yes, No, It Depends

f) Explain your rationale for your answer to (e) above.

What's so paradoxical about the equilibrium outcome of the Bertrand competition? Explain.

Central Bank Balance Sheet

Assets Liabilities

Foreign assets $1,000 Deposits held by private banks $500

Domestic assets $1,500 Currency in circulation $2,000

Please write the new balance sheet if

1. The bank sells $100 worth of foreign bonds for domestic currency.  ​​​​​​​

2. The bank carries out a sterilized transaction by selling $100 of foreign assets ​​​​​​​

3. What should the bank do if its intent were to acquire more foreign assets but keep the money supply constant? How would the balance sheet change?

1. Suppose a company has a forklift but is considering purchasing a new electric lift truck that would cost $230000 and has operating cost of $25000 in the first year. For the remaining years, operating costs increase each year by 15% over the previous year’s operating costs. It loses 12% of its value every year from the previous year’s salvage value. The lift truck has a maximum life of 5 years. The firm’s required rate of return is 5%. Find the economic service life of this new machine.

1. Two types of customers make up the market for Armoyas. There are 100 type A customers, each of whom is willing to pay up to $10 for an Armoya. There are 50 type B customers, each willing to pay up to $8 for an Armoya. No customer wishes to buy more than a single Armoya. The monopolist cannot differentiate between the types of customer. The average and marginal cost of production is constant at $6/Armoya.

a)What is the selling price of the good, and how much profit does the monopolist make?

b) The monopolist is offered the opportunity to advertise Armoyas at a cost of $80. The advertisement is predicted to attract another 100 type B customers. Will the advertisement be placed? What is the selling price of the good, and how much profit does the monopolist make?

c) Suppose the advertisement attracts no new customers, but raises the price all existing customers are willing to pay by $1. Will the advertisement be placed? What is the selling price of the good, and how much profit does the monopolist make?

When you study macroeconomics, your reflective report should address:•What have you learnt from this course?•What are learning outcomes?•What are your own contributions and achievements?•What are your personal strengths and weaknesses that are revealed?•What will you do differently next time? about 500 words

Outline the technique of cost benefit analysis and discuss how it can be used to inform decision making in the public sector.

BREAKEVEN- PowerFull

PowerFull manufactures gel-cell batteries. These are rechargeable; made in various sizes and with various capacities.   They are used in lighted signs (exit signs for example) to power them when utility power is out. They are also used to power emergency lighting and in computer power backup appliances. Consider their popular 12 volt, 8 amp hour battery that sells for $36 each. Production of this battery has the following fixed and variable costs:

            Fixed costs (per year)                            Variable Costs per battery

            Interest on Mortgage     $25000              Plastic case                  $1.00

            Utilities                           18000              Plates (lead sulfide)       5.00

            Salaries of a fixed type 50000              Mfg. labor                       2.50

            Hazmat License                6000             Electrolyte gel               3.00

            Pollution permit             12000             Packaging                      .50

            Other fixed expense      10000              Inert ingredients             1.50   

                        Total fixed       $121000              Testing/Certification       3.50

                                                                        Promotion expense            .50

                                                                                    Total                $17.50

1. What is the annual breakeven production quantity (use above data, show work)?

2. If the quantity in #1 can be sold at $36 a battery, what revenue would be generated?

3. Management insists that $100000 more than fixed costs be earned (variable costs remain unchanged). How many batteries must be sold to achieve this goal (the selling price remains $36 each. Show your calculations)?

4. Keep the goal of $100000 above fixed costs. Total fixed costs remain at $121000. Price remains at $36.    However, manufacturing labor cost is expected to become $3.50 per battery (due to a minimum wage increase). What will become the new breakeven quantity?

5. What is the Contribution Margin Ratio (CMR), considering the information in (4) above?

6. Go back to the original data (No wage increase; No earnings goal). Assume only 7000 batteries are sold at a price of $36 each. What is the DOL (show your calculations)?

Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typning  not by hand writing, so that I can read and understand your answer clearly.thanks in advance/Ha

Question. Many reasons for why the United Kingdom voted to leave the European Union have been proposed. A common one is that imports from the EU hurt low-skilled British workers. This question will ask you to analyze what effect Brexit (the UK’s exit from the EU) may have on relative wages for high-skilled and low-skilled workers in the UK using the Heckscher-Ohlin model of international trade. Suppose that there are two industries: financial services and manufacturing. Further assume that there are two factors of production, low-skilled and high-skilled workers, and that finance is high-skill intensive and manufacturing is low-skill intensive. Further assume that the United Kingdom is abundant in high-skill labor (i.e. it has relatively more high-skilled workers than the rest of the EU).

a) Show using the Heckscher-Ohlin model of international trade how relative wages for lowskilled and high-skilled workers are determined when the UK is a member of the EU (i.e. when there is free trade between the UK and the rest of the EU). Explain your answer.

b) Now suppose that the UK leaves the EU. For simplicity, we will model this as autarky, i.e. that all trade between the UK and the EU stops. How do real wages of low-skilled and highskilled workers change (remember that the UK is abundant in high-skilled labor)? Explain your answer.

c) Describe also how the relative output of financial services versus manufacturing in the UK changes with Brexit. Explain your answer