How would you improve any or all of these taxes and fees? Please explain how each one of the five major taxes applies to each one of the five major types of income: that is, how is each type of income taxed

Consider a market with demand and supply functions:

Supply function: ? = 40? − 40

Demand function: ? = 200 − 20�

a. Find deadweight loss of the price floor. [Hint: Deadweight loss is a region lost because of no trade.]

Welfare effects of a tax

Now, the government repeals the price floor and imposes a sales tax of $3 per good on buyers-side.

b. Draw a new demand curve with old demand and supply curves. Find the new equilibrium quantity when the tax is imposed. [Hint: The demand curve shifts down by $3 due to the tax. Use the new demand function: ? = 140 − 20?.]

c. When the tax is imposed, find the price buyers pay and the price sellers receive.

d. Of $3 tax, how much buyers and sellers pay, respectively?

e. Find and calculate the new consumer surplus, producer surplus, government revenue, total surplus and deadweight loss under the tax.

How is social security currently funded?

What are the pros and cons of replacing social security with private funds? Do you support privatization or not support it? Provide arguments to support your side.

What changes have been made to the social security system from inception to date? Are those changes adequate?

What happens to social security funds once they are paid into the system?

Jeremiah deposits in a bank an amount of $5000 that he had been holding at home in a jar for a long time.
a. If the banking system is 100 percent reserve, how does the money supply change?
b. If the reserve requirement is 20 percent and the bank holds no excess reserves, how does the money supply change?
c. If the reserve requirement is 20 percent and the bank holds an excess reserve of 2 percent, how does the money supply change?

What would it take for a third party to succeed in the United States, and why? Make an argument as to why you think this could be possible - or NOT.

A firm’s profits are more likely to __________ when manager compensation is linked to

the firm’s performance.

a. be unaffected

b. increase

c. decrease

d. increase, then decrease

e. None of the above.

An example of a downstream activity is:

a. aluminum foil production in relation to bauxite mining.

b. the production of computer-generated animated films in relation to their

presentation in theaters.

c. oil exploration and drilling in relation to the refining of home heating oil.

d. All of the above.

e. None of the above.

A rationale for merging horizontally is:

a. diversifying shareholder investment.

b. cross subsidization.

c. economies of scale.

d. access to internal capital markets.

e. All of the above.

A problem with a joint venture is:

a. firms lose control over proprietary information.

b. coordination problems between parent companies.

c. disputes must be resolved through the legal system.

d. Answers a and b are correct.

e. All of the above.

A firm’s architecture refers to:

a. its organizational structure and culture.

b. the design of its physical plant.

c. the way it is vertically integrated.

d. its supply chain.

e. None of the above.

Monopolistic competition is characterized by:

a. a relatively small number of firms.

b. difficult entry and exit conditions.

c. differentiated products.

d. pure price competition.

e. All of the above.

Oligopolies differ from monopoly in that:

a. oligopolies advertise and monopolies do not.

b. entry by new firms into an oligopoly is very easy while entry into a monopoly

is impossible.

c. oligopolies involve a few large firms and monopolies have only one firm.

d. oligopolies are best described as “price takers” while monopolies are best

described as “price makers.”

e. All of the above.

(3) Provide an operational definition of the concept of “cloud accounting” and develop (10) questions that would measure cloud accounting by using Lickert scale.

(4) Identify the relevant p

How does the corporate income tax influence investment and saving and the real interest rate? Draw a graph to illustrate your answer.

Discuss the impact of an increase in real income in one country. The post should consider both the domestic and foreign impact as well as what the results from the graphical interpretation would mean for the people with each country. Any critique on what the model shows in the chapter are welcome.