Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Explain what is meant by the terms, vertical equity, horizontal equity and the Ramsey rule. A city is considering imposing excise taxes on the following items to raise revenue to finance the construction of a new stadium for the major league baseball team that plays in the city. Evaluate the following taxes from the standpoint of vertical and horizontal equity.

a) jewelry

b)cigarettes

c) stock market transactions

d) tickets to baseball games

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91609612
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question the bank of canada defines the canadian money

Question: The Bank of Canada defines the Canadian money supply in terms of Ml+, M1++, M2, M2+, M2++, and M3 monetary aggregates. What financial assets are included in each of these six aggregates? How does each aggregate ...

Question making dresses is a labor-intensive process indeed

Question: Making dresses is a labor-intensive process. Indeed, the production function of a dressmaking firm is well described by the equation Q = L - L2/800, where Q denotes the number of dresses per week and L is the n ...

Question suppose the utility function for linda is given by

Question: Suppose the utility function for Linda is given by u(x1, x2) = log x1 + x2 and her budget constraint is given by p1x2 + p2x2 = m (a) Derive the demand function for Linda for both goods. (Hint: the demand of any ...

Question during the 1990s the age cohort that grew the most

Question: During the 1990s, the age cohort that grew the most rapidly was the 45-54 cohort, which has the highest saving rate. Yet during that same period, the personal saving rate as reported by the BEA declined sharply ...

Question suppose the state of iowa passes a law that

Question: Suppose the state of Iowa passes a law that increases the price of cigarettes by $1 per pack. As a result, residents in Iowa start purchasing their cigarettes in surrounding states. Which of the following princ ...

Question suppose the current equilibrium price of a

Question: Suppose the current equilibrium price of a quarter-pound hamburger is $5, and 10 million quarter-pound hamburgers are sold per month. After the federal government imposes a tax of $0.50 per hamburger, the equil ...

Question a suppose the uncovered interest parity condition

Question: a) Suppose the uncovered interest parity condition holds, and that the domestic interest rate is lower than the foreign interest rate. What does this imply about the current versus future expected currency valu ...

Question to what sorts of customers would an insurance

Question: To what sorts of customers would an insurance company offer a policy with a high copay? What about a high premium with a lower copay? The response must be typed, single spaced, must be in times new roman font ( ...

A market with q 16p-2 is supplied by a monopoly with cost

A market with Q = 16*p^-2 is supplied by a monopoly with cost C(Q) = 6 + Q^2/8. Calculate the equilibrium price, output and monopoly profits. What should be the equilibrium if the market were supplied competitively by fi ...

Question one constraint in our economy is time as a society

Question: One constraint in our economy is time. As a society, we make choices about allocation of time between work and other pursuits. In the US, most workers are eligible for overtime pay if they work more than 40 hou ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved