Are you pressed for time and haven’t started working on your assignment yet? Would you like to buy an assignment? Use our custom writing services for better grades. Even if your deadline is approaching fast, our writers can handle your task right when you need it. Our writers will complete your order from scratch and make sure it’s completely unique.
Order a Similar Paper Order a Different Paper
Answer for each question should be 200-250 words.
1. The simple case of a fixed per-unit tax is indicative of more complicated ones. Consider a proportional sales tax and a progressive sales tax. How do the tax revenues, and quantities produced compare in these various cases?
2. Explain how value can be created simply by exchange even when nothing new is produced? [This is true for a monetary and for a barter economy].
3. Explain how competitive privately issued currencies would work automatically to provide consumers with protection against inflation?
4. Would interest exist in a pure exchange economy where no production occurred? Explain.
5. Briefly contrast the static and dynamic views of monopoly and the policies appropriate for each.