2b: As the above table suggests, Ellen has to pay 31% of her earnings as income tax, which is $19,065. As $3,500 amount is exempted from her taxes, so the total amount of taxes she will pay for 1993 year’s total income will be:
2: Spillover benefits are the indirect or
e many resources have been discovered, an increase in natural resources can only be realized through an improvement of the technology used to extract these resources.
The second factor to consider is labor, where economic growth is increased through an increase in labor. This
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The degree of the problems recently besetting the natural resources and environment reflects the significant social economic progress attained in the XX century. Sustainable development is progress that meets the requirements of the current generation without compromising the capability of future generations to satisfy their own necessities.
Intel Corporation, a semiconductor chip maker, operates in a monopolistic competition market model. The company is a U.S-based multinational company, whose operations are technologically driven.
The number of players in the semiconductor
the wage rates will increase the cost of production which will lead to increase in the prices of products and eventually decrease in the demand of the products, hence the production will decrease. Same is true for the transportation costs (Hoshmand, 2009).
However, it is
The article further informs that construction activities on new buildings have declined. The investment in equipment and software remained stagnant during the third quarter of 2012, for the first time since the beginning of 2009. This
Adjustment of the SeaTac’s minimum wage is among the hot debates that have hit the city’s economic scenes since it directly affects a number of economic aspects across the State. A hike in minimum wage influences factors such the opportunity cost, general demand and supply, producer and consumer surplus, general company profits and aggregate supply and demand
The slicing of the value chain will cause a shift towards the right. Further, the value of goods and services outsourced tends to reduce.
b). with the trade cost of 50%, the activities that are cheaper to
If it were not for the hardship of the First World War or the impacts of the Great Depression, it is unlikely that the character of Adolph Hitler could have arisen within Germany. Moreover, had it not been for the impacts of the
Of course, this is the highest sold stock in this portfolio. The next performing stock was that of CVM. The number of shares sold in CVM was 5295, each at US$ 1.33. For JCP, the major transaction for the
The aforementioned questions are solved by this article by giving an expansive diagram of the measurement methods utilized as a part of estimating GDP and the national records in the United States.
Firstly, once after every five years, the United States BEA (Bureau
However, even with experienced workers there is need for training in order to improve individual performance. Additionally, organizations have different systems regardless of the similarities in operations undertaken. Therefore, worker training at current
According to the research findings, people respond in various ways to economic incentives. One of the ways that people use to respond to the economic incentive is by switching to the inferior product. The inferior goods help them manage their income and the prices of the costly products. For example, if the taxation of the fuel goes high, the consumers will tend to use public means of transport.
According to states Hebous (2006), the use of a single monetary system can lead to benefits such as low transaction costs, efficient trade, and low trade risks among the member. He points out the successes of the US and Euro-zone monetary unions as case for
Generally, privatization in different states has been associated with the need for productive competition and efficiency especially in domestic market systems. In addition, privatization can be seen to reinforce the idea of globalization that
The concept might also be recognized as the qualitative as well as quantitative alterations taking place within an economy. These processes widely comprise of various aspects concerning regional competitiveness, social advancement, literacy rate, infrastructural developments and numerous other initiatives.
Doha development agenda were launched in 2001 and expected to be completed in 2005. However, this was not realized despite efforts to gather urgent dignitaries (Jones, 2010). Although the G20 endorsed the goal of concluding the talks in
For ease of analysis, managers usually categorize these factors using the PESTLE model. The model thus assists the managers in establishing the performance of a person or business in relation to the prevailing external environment. PESTLE analysis can also be
As the author of the article puts it, Ben Bernanke, the Fed Chairman, has assumed that the high unemployment rate, above 6.5 percent, would continue at least until mid-2015. Besides, the unemployment rate for the month of December 2013 is estimated at 6.7 percent and it is quite likely that the targeted unemployment rate of 6.5 percent will be achieved soon.
Thus seller sets price such that P≥ ѲS. There would be no tradeoff between the buyer and seller since prices are set higher than the buyer’s satisfaction.
(b) The information is asymmetric, the buyer assumes that the seller is rational and quality is uniformly
Analyzing how competitive the market can be allows business make important decisions with regards to whether to introduce a new product or not to maximize profit. This paper seeks to analyze the relationship between diminishing marginal productivity and both labour and
The recovery within the economy of China shows three major characteristics. The actual economy has been declining steadily from the previous high rates to more stable rates. The rates are far much below the economy’s expectations.
According to recent studies, 44 % of the holiday tourists utilize the internet to undertake research for holidays, and 32% use it for planning their holiday getaways. But, significantly, only 33% actually used it for booking their holiday trips.
Data collected over a period of five years and six months from January 2003 to June 2008 on consumer expenditure on transport in the U.K. shows a typical and constant annual trend (Fig. 1). The annual trend was examined by calculating the coefficient of determination, r2. With a linear trendline, the value of r2 was obtained as 0.503 and, with the logarithmic trendline, it was 0.409.
Mercantilism heavily influenced the policies of the economic thought of Western European countries between 1600 and 1800. This was one of the main reasons for the European wars and colonialism too. The main reason for coming up with this system was to establish a favorable balance of trade that would enhance the prosperity of a country.
Economic history also gives the quality of the labor force as an aspect that greatly affects the economic performance of a country. The paper analyses the impact each of the factors has on the economy of a
Therefore, with the establishment of WTO came the dispute resolution panel and Appellate Body that has exercised its mandate in an efficient way that have left praise of the organization (Trachtman, 1999). The
b) The $18 million loan should not be included in the cash flow table because it refers to an out flow in the previous year. It can only be used during the calculation of the Net Present Value since it contributes to the initial
In addition to this, the country has also been fighting to ensure that its security base is okay to avoid weakening defenses especially due to increased terror threats for that country. Apart from the cases of leaking landfills and
An Exchange-traded fund is in hold of assets such as commodities, bonds, trades, and stocks that are closer to the net value of the assets in the progress of trading day. Most ETFs track an index that includes bond index or stock index. ETFs might be attractive in a way as
y as a member of the Physiocrat movement is such a critic of the mercantilist movement, arguing for a natural order to economic activities that are governed by natural laws, rather than human and governmental interference. The work of Quesnay for instance on the input output
British Airways, based near the main hub at London Heathrow Airport is the leading airline in the United Kingdom. Based on the sizes of the fleets it is the largest airline company and the second largest in passenger carriage. The British Airways Board was formed in the year 1971 and its task was to control BOAC and BEA.
Eventually the producer will have to bear with the consequences of extra expenses including high electricity bills and slashing of workers. The introduction of carbon tax and the cost of implementing pollution control
Earlier, supermarkets introduced a talking system at the tills. The customers expressed dissatisfaction with the system due to the ‘announcement’ of their personal effects and it also distracted the cashiers. This is an example of a system that failed the operational and cultural feasibilities.
The article presents the latest unemployment figures which have fallen to 7.7 percent from 7.9 percent. The article also paints a fairly good picture of the economy as it informs the audience that new jobs have been added in the
However it relies on importation of manufacturing sectors’ raw materials. The Denmark’s economy is comprehensively modern comprising of an agricultural sector high-tech in nature, increased foreign trade dependence and state of the art industry boasting of global