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State and local governments can tax interstate commerce provided certain conditions are met. True or False?
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- Sales tax liquor and cigarettes as a way to regulate usage? True or falseYour U.S. corporation sold office supplies to the government of Country A who then refuses to pay you for the supplies. Because Country A has sovereign immunity, you cannot sue Country A in a U.S. court to collect damages. True or False?All barriers to entry are not created through market conditions. Barriers to entry, such as patents, licenses, or international trade restrictions, may be government imposed. How do government–imposed barriers such as patents impact consumers and suppliers in these markets?
- Describe the sources and extent of the power of the Federal and State governments to regulate business and commerce.Give samples of opposition in SOGIE law in the Philippines.How feasible is oil regulation in the narrative of price control, free market competition as well as supply and demand of a country's economy?
- Public goods area. efficiently provided by market forces.b. underprovided in the absence of government.c. overused in the absence of government.d. a type of natural monopoly.Political speech enjoys full First Amendment protection. True or False?Please think of one example of a product that you use on a regular basis for which some of the cost of production or consumption are externalized. Please explain. What will be the long-term cost for or impact on society of this externalization? How much more would you be willing to pay for that product in order to have all costs factored into the price?
- Should the cost of compliance be considered when imposing air pollution regulation? For example, should the Environmental Protection Agency (EPA) consider costs when it regulates emissions from power plants?From the perspective of economists which statement is true: 1.) Benefits estimates for an environmental regulation that will reduce risks to human life probably should depend on the income levels of the people who will be affected by the regulation, despite political pressures to use the identical number for everyone, regardless of their income level. 2.)None of the other statements is correct. 3.) It is wrong to use willingness to pay as a measure of the benefits from a regulation to reduce environmental mortality risks. Rich people will be willing to pay more than poor people for the same reduction in risks. If the cost of the regulation is high, it is possible that the estimated net benefits from the project will be positive for a rich community but negative for a poor community, so only the rich community will get the protection. 4.) Suppose a specific type of environmental regulation, intended to reduce mortality risks, passes a benefit-cost test in the U.S. Then…Can a Japanese firm assembling e-Rickshaws in India after importing parts from subsidiaries in other Asian countries use transfer pricing to enhance its profits? How can governments determine that foreign firms are not using it to manipulate compliance?