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Winston Churchill once said that democracy is the worst form of government except for all others. What did he mean in microeconomic terms? Would a more viable democratic system add to or reduce the ability of government to operate more efficiently?
Macroeconomics, Economics
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Question: President Trump has proposed a lowering of the corporate income lax rale from 35% to 15% and the top personal income tax rate from 39.6% to 15%. When lie unveiled the tax plan. Treasury Secretary Steven Mnuchin ...
Question - Consumer choice problems (duality) II Individuals consume three breakfast goods - cereal q1, bacon q2 and eggs q3. Preferences are modelled by an indirect utility function v(p1, p2, p3, y) = y/ Root(p1(p2+p3)) ...
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