A government collects 700B in tax revenue. It allocates $40B to the justice system and $95B for its own administrative costs. What percentage of annual tax revenue is allocated to these two categories?

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Q: 5

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A: Human capital is the amount of knowledge, skills, health, and experience posses by the worker.

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A: According to the IS-LM model, the equilibrium is achieved when the IS curve intersects the LM curve…

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Q: how  you know what c value to look a

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Q: Draw a new the Edgeworth box for second fundamental theorem of welfare economoics, and describe all…

A: An Edgeworth box refers to a graphical representation of the exchange problem where two goods must…

Q: If aggregate output is above its equilibrium level there is an excess supply of goods O firms will…

A: Aggregate output is the total of all commodities and services produced in an economic region over a…

Q: 8 9 $5 6 7 Price per Cheeseburger able 1 Quantity Demanded (Cheeseburgers Month) 1,500 1,200 900 600…

A:

Q: 1 2 a. Are your conclusions in (1) and (2) consistent with Mankiw's conclusion using the IS-LM…

A: Solow growth model is an exogenous growth model. It is a long run model which explains the path of…

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A:

Q: Given the cash flows and information below, perform an B/C ratio analysis. Assume an MARR of 7% and…

A: MARR = 7% Years = 10

Q: 21- Who gets paid after the death of the policy-holder/insured? a. The husband/wife of the…

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Q: Electro City, a retailer of electronics, has 2,000 different products in inventory. Electro City…

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Q: What insights do welfare analysis (consumer surplus/producer surplus) offer into international…

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A:

Q: Ch 12 1 Factors of production that flow through the circular flow model include all of the following…

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Q: A firm faces the demand curve: P = 4,191 - 16Q. What is the firm's revenue maximizing price? Enter…

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Q: 6."Internalisation advantages" as implied by Dunning’s "Eclectic Paradigm" are a) the benefits of…

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Q: Consider Figure 1 below of "conventional" IS-LM curves with interest rate (r) and output (Y) as…

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Q: Assuming that the labour is the only variable factor of production for banana cakes, and each worker…

A: Marginal cost refers to the cost of additional input used. Total cost is the total incurred in the…

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Q: Using the table below to answer the following questions. Assume all values represent trillions of…

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Q: In class we discussed ways for firms to break the Bertrand Paradox result. Which of the following…

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Q: Use the cost curves below to answer the following questions. 120 90 80 70 40 30 200 250 300 500 MC…

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Q: Exhibit 12-2 Unemployment categories # of Individuals Category Frictional unemployment Structural…

A: Here, the given table shows different categories of unemployment, discouraged workers, fully…

Q: Which type of global exchange rate regime creates an asymmetry, with only one country able to…

A: The monetary system that  depends on the fixed quantity of gold is known as GSS (  gold standard…

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A: A firm maximises its profit when the marginal revenue is equal to the marginal cost (MR=MC).

Q: = Suppose you are trying to minimize your expenditures E utility level (x0.5 + x2.5)2 = 175 6 4x1 +…

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Q: Hong Kong is a country characterized by low tax rates and limited government services. What type of…

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Q: In the long run equilibrium of a competitive market, the number of firms in the market adjusts until…

A: All firms get only normal in the long run under the perfectly competitive market. The super normal…