The 19th century American economist Henry George argued that the government should levy a sizable tax on land, the supply of which he took to be completely inelastic. a. George believed that economic growth increased the demand for land and made rich landowners richer at the expense of the tenants, who make up the demand side of the market for land. Explain this argument by using a supply and deinand diagram. (5 pts) b. Who shoulders the burden of a tax on land - the land owners or the tenants? (5 pts) c. is the deadweight loss of this tax large or small? (5 pts) d. Many cities today levy taxes on the value of real estate. Why might the above analysis of George's land tax not apply to this modern tax on real estate?

Answers

Answer 1

a) Henry George's argument is that the demand for land increases as the economy grows, leading to an increase in land values. This increase in land values benefits the landowners who can charge higher rents for their property, while the tenants who must pay the rent suffer.

b) A tax on land would be borne by both the landowners and tenants, but the degree to which each group bears the burden would depend on the relative elasticities of supply and demand.

c) The deadweight loss of this tax would be small, as the supply of land is inelastic, and the tax would not significantly reduce the amount of land available for rent.

d) The analysis of George's land tax may not apply to modern taxes on real estate since real estate includes not only land but also buildings and other improvements.

a. This situation can be represented on a supply and demand diagram by showing the demand curve for land shifting to the right due to economic growth, causing the equilibrium price to rise. As a result, the landowners' surplus increases while the tenants' surplus decreases. By imposing a tax on land, George aimed to redistribute the gains from economic growth from the landowners to the tenants, thereby reducing inequality.

b. If the supply of land is completely inelastic, as George assumed, then the tax would be borne entirely by the landowners. This is because they cannot adjust the supply of land in response to changes in the market. On the other hand, if the demand for land is relatively inelastic, then the tenants would bear a greater share of the tax burden, as they would not be able to easily reduce their demand for land.

c.  Additionally, the tax would not distort the allocation of resources in the economy since it only affects the distribution of income between landowners and tenants.

d.  Unlike land, the supply of buildings and other improvements is not fixed in the short run, and owners can respond to changes in taxes by reducing their investment in these assets. Additionally, modern taxes on real estate often take into account the value of buildings and other improvements, which may not necessarily increase with economic growth in the same way that land values do.

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Who handles the economy in the government?

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Women's roles in the workforce changed significantly as a result of the Industrial Revolution. Before the revolution, most women were confined to domestic work and engaged in domestic duties.

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Please help!

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A Population growth, including immigration. America's population growth results in a younger workforce, which is more adaptable and trainable.

Explanation:

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A growing population, including from immigration. America's population growth results in a younger workforce, which is more adaptable and trainable. There are limitations on immigration to the United States, but there are also unique guidelines that grant access to the country's economy and a route to citizenship (green cards), based on individual skill and corporate sponsorship.

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True

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False, Calculate the total annual direct work hours that are budgeted. The total number of budgeted direct labor hours for the year is calculated by multiplying the budgeted units by the direct labor hours per unit for each product.

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What will Producers do if the supply of a good is inelastic?

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What are 4 steps to personal finance planning?

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Second, consider opening one if you haven't already. These accounts encourage consistent deposits so that you can build up funds for significant requirements like emergencies in the future.

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Events or conditions that increase the chances of an insured loss occurring are referred to as..

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This possibility of loss is referred to as risk. Peril is the cause of the risk event.

The highest amount of responsibility that an insurance company accepts to assume through its underwriting operations is known as underwriting capacity. The ability of an insurer to retain risk is represented by underwriting capacity. It is critical for an insurance business to assess and maintain its underwriting capacity in order to pay out claims to consumers when necessary and prevent insolvency. Underwriting entails determining the level of risk associated with providing insurance to an applicant. As the policy's provider, the insurer will actively endeavor to ascertain if it is profitable to provide coverage and then, based on its study, set a price. This is known as the premium, and it is levied in return for the risk of insuring the applicant against loss.

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A CFO would have all of the following responsibilities except
O A. investing in new production equipment.
O B. managing the preparation of all corporate tax returns.
O C. providing reports to creditors as required.
O D. managing corporate financing.

Answers

All of the following duties would fall under the purview of a CFO, with the exception of overseeing the filing of all corporate tax returns.

Which of the following falls under the purview of a CFO?

The top financial position in an organization is held by the chief financial officer (CFO). They are in charge of monitoring cash flow, budgeting the company's finances, identifying its financial strengths and weaknesses, and making strategic recommendations.

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CFOs are responsible for managing all aspects of a company's finances, including accounting and financial reporting. They are in charge of all financial management and decision-making. CFOs are responsible for managing all aspects of an organization's finances, including accounting and financial reporting.

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What is interpersonal skills for kids?

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Early childhood development is reliant on interpersonal interactions, and these interactions have an effect that goes beyond the early child's life, influencing future learning and development at the cognitive, linguistic, socioemotional, and physical levels.

The care provided will support the child's best growth pathways, promoting their future participation in society and optimal functioning. Caregivers who are conscientious and recognize the importance of their contacts with the kid in the early years of life.

According to Bronfenbrenner and Evans, children learn and develop as a result of their interactions with their surroundings. Also widely known and supported by the results of epigenetic studies is the impact of early experiences on the structure and operation of the brain.

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A high school choir is holding a fundraiser for its spring contest trip. The amount each student needs to raise varies as the number of students who participate in the fundraiser. If 50 students participate in the fundraiser, each student needs to raise $275.

Answers

The inverse variation is represented by the proportionate situation. This is due to the fact that, regardless of the number of pupils, the total amount they expect to raise is the same.

What is meant by inverse variation?

The link between two variables known as "inverse variation" occurs when the value of one variable rises while the value of the other variable falls. When two quantities have inverse variation, one quantity rises while the other falls. For instance, when travelling to a specific area, the amount of time it takes to get there lowers as your speed rises.

1. The inverse variation is represented by the proportionate situation.

This is due to the fact that, regardless of the number of pupils, the total amount they expect to raise is the same.

2. K, the variational constant, has a value of $13,750.

K = SA

k = 50 * 275

K=$13,750

3. Every one of the choir's 100 pupils would need to contribute $137.5 if they all participated in the fundraising.

K = SA

A = K/S

A = 13750/100

A = $137.5

The complete question is:

A high school choir is holding a fundraiser for its spring contest trip The amount each student needs to raise varies as the number of students who participate in the fundraiser. If 50 students participate the fundraiser, each student needs to raise $275

1. The proportional situation represents ___ variation

2. The constant of variation, k, is equal to___.

3. If all 100 students in choir participate in the fundraiser, each will need to raise___.

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What's the best credit score to buy a car?

Answers

In general, lenders look for borrowers in the prime range or better, so you will need a score of 661 or higher to qualify for most conventional car loans.

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The 5 sources of capital (valuable goods or money) are equity, debts, grants, loans, and sales/ revenue.

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At richardson manufacturing company, there are two factors that determine the cost of health care. If an employee makes less than $55,000 per year, he pays $60 per month for individual coverage and $115 per month for family coverage. If an employee makes at least $55,000 per year, individual coverage is $90 per month and family coverage is $165 per month.

Answers

Catherine would pay 15% of the total insurance

The required details for insurance in given paragraph

While Catherine earns $68,300 a month, uses family health care and her employer pays $935 $165 a year in full Provides health insurance.

So Catherine's health insurance rate is $165 because her monthly salary exceeds $55,000.

Total Premium = Health Insurance Rate + Cost of coverage for your employer

Total Premium = $165 + $935

Total Premium = $1100

We can do that Calculate percentage Katarzyna participates in full insurance as: p>

= health insurance / total premium ratio * 100

= 165 / 1100 × 100

= 0.15 × 100

= 15%

This means that Catherine contributes 15% to the overall coverage

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Catherine would pay 15% of the total insurance

The required details for insurance in given paragraph

While Catherine earns $68,300 a month, uses family health care and her employer pays $935 $165 a year in full Provides health insurance.

So Catherine's health insurance rate is $165 because her monthly salary exceeds $55,000.

Total Premium = Health Insurance Rate + Cost of coverage for your employer

Total Premium = $165 + $935

Total Premium = $1100

We can do that Calculate percentage Katarzyna participates in full insurance as: p>

= health insurance / total premium ratio * 100

= 165 / 1100 × 100

= 0.15 × 100

= 15%

This means that Catherine contributes 15% to the overall coverage

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What is the purpose of establishing economic sanctions?

Answers

Economic sanctions are intended to cause economic hardship for the citizens of the foreign country, which will encourage them to put pressure on the government to alter its political policies.

Explain the term economic sanctions and its purposes?

Trade and financial restrictions imposed on a foreign nation are known as economic sanctions.

Economic sanctions are punishments imposed on a nation, its officials, or private individuals as retaliation or as a means of supplying disincentives for the targeted policies and actions.Economic sanctions can include asset seizures, trade embargos, export restrictions, and travel bans. Such sanctions, by definition, apply to parties who are difficult for the sanctioning jurisdiction to enforce the law against.For punishing or preventing objectionable actions, economic sanctions offer a policy tool other than military force. They have a broad range of applications outside the borders of the sanctioning nation and can be expensive for their targets given the growing economic and trade interdependence of the world.Economic sanctions can also be a crude and ineffective tool for policymaking, placing disproportionate costs on the most vulnerable members of the targeted governments' populations while imposing insufficient costs on them.

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What's another word for wealth gap?

Answers

Racial gap is another word for wealth gap.

What Is the Wealth Gap?

The "income gap" is the difference in income between two groups, such as the 1% and the 99%, white and black Americans, or more generally, the haves and the have-nots. Instead than focusing only on income, the wealth gap examines assets and net worth (assets minus debts).

The wealth disparity has been expanding over time. Families in the 90th percentile had a 54% increase in wealth between 1989 and 2013, according to CNN Money.

Only a 4% increase was seen among those at the 50th percentile during the same time period. And those in the bottom 25% of income distribution actually suffered a 6% decline in wealth.

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A construction company is hiring new employees. Which scenario is an example of discrimination? (5 points)
Michael, who is 60 years old, is hired over Zara, 20 years old because he has a lot of experience.
Samantha, who happens to be in a wheelchair, is not hired because she does not have the required experience.
The company hires Bill and Tiara, who are equally qualified, for the same position but pays one of them less.
The company interviews the most qualified candidates, who happen to be of many different races.

Answers

Answer:

3. The company hires Bill and Tiara, who are equally qualified, for the same position but pays one of them less.

Which is better long-term or short-term goals?

Answers

short term will show you more progress in general but i think it does depend on the goals you are trying to set!

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Answers

The marginal benefit of a product is the additional benefit that a customer receives when they purchase one additional unit of the product.

This additional benefit can be measured in terms of money or satisfaction. The marginal benefit of a product depends on the preferences of the customer, and it can change as the customer’s preferences change. For example, if a customer prefers one product over another, then the marginal benefit of the preferred product is higher than the other product. The marginal benefit of a product is usually determined by the customer’s willingness to pay. This willingness to pay is the maximum amount of money a customer is willing to pay for one additional unit of the product. The marginal benefit of a product is important for businesses to understand in order to maximize their profits. By understanding the marginal benefit of a product, businesses can adjust their pricing and production levels to maximize their profits.

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need help with two part edulastic question A linear programming problem has been formulated as follows: Maximize 10 X1 20 X2 + X1 2 X2 < 100 2X1 X2 100 + X10, X2>=0 Which of the following represents the optimal solution to this problem? Select one: X2 50 a. X1 50 b. X1 50 X2 10 c. X1 100 X2 50 d. X1 50 X2 0 e. X1 0 X2 50 what type of enzyme found in glycolysis can catalyze the conversion of an aldose to a ketose or vice versa? A professor had a volunteer consume 50 milligrams of caffeine on morning. social movements that seek limited, significant changes in society to improve conditions are The following mechanism has been proposed for the decomposition of ozone in the atmosphere:O3(g) O2(g) + O(g) k1 , k-1O(g) + O3(g) 2 O2(g) k2Use the steady state approximation to find an expression for the rate of decomposition of O3(g). Under what conditions is the rate law second order in O3(g) and order -1 with respect to O2(g)?a.k2 = (k1 k-1)1/2b.[O3]2 = [O2]c.k1 = k-1d.Step 2 is the rate determining stepe.[O3] = [O2]^2 Emma Company sells services for $888 cash and $1,384 on account this month. Emma Company also pays $783 in salaries and wages, which includes $169 that was payable at the end of the previous month the rest was for salaries and wages of this month. What is the amount that would be included in net income? A lumber yard has fixed costs of $4812.70 per day and variable costs of $0.55 per board-foot produced. Lumber sells for $2.45 per board-foot. How many board-feet must be produced and sold daily to break even? Assuming that Jerry's Bicycle Shop operates in a perfectly competitive market for bicycles, which of the following statements is true? He chooses the quantity of bicycles that he supplies. He chooses the price at which he sells his bicycles and hence is a 'price maker. His market is characterized by one or more barriers to entry. The bicycles he sells are vastly differentiated from those sold by other stores. A researcher wants to find out how much people tip on average and she asks people to stop and chat as they are leaving a local family restaurant. O self-interest study O voluntary response bias O nonresponse bias or missing data O perceived lack of anonymity O loaded or leading question Which source of bias is most relevant to the following situation: A research study funded by a candy company finds that chocolate is good for your health. self-interest study voluntary response bias O nonresponse bias or missing data perceived lack of anonymity O loaded or leading question In a study, the data you collect is Wage per hour. a This data is: O Quantitative O Qualitative (Categorical) In a study, the data you collect is reason for leaving last job. This data is: O Quantitative O Qualitative (Categorical) Does this describe an observational study or an experiment? when animals die, muscles stiffen in rigor mortis because Adults tend to gain adipose tissue as they age. Having some extra body fat _______. Multiple Choice1. provides a source of antioxidants that helps older people survive serious illnesses2. increases the ability of older adults to meet their high basal metabolic energy needs3. reduces the risk of chronic diseases such as diabetes, especially if the extra adipose tissue is visceral fat4. helps protect older people from experiencing bone fractures as a result of falls What conclusion about the media can be drawn from these headlines Find the work done by F in moving a particle once counterclockwise around the given curve. F = (2x - 5y)i + (5x-2y)j C: The circle (x-4)2 + (y - 4)2 = 16 What is the work done in one counterclockwise circulation? T/F: Substantial differences exist among property laws of the community property states. the pressure at the bottom of a cylindrical container with a cross-sectional area of 51.5 cm2 and holding a fluid of density 680 kg/m3 is 115 kpa. You are preparing a presentation that describes the history of a problem that the accounting department has been experiencing for the last six months.1)What organizational pattern should you use?a. Topic/functionb. Value/sizec. Chronology The mean for the data set is 2. 5. What is the mean absolute deviation (MAD)? Round to the nearest tenths at what price do turtle and flora sell their westing stock? in the westing gam Which of the following is NOT a quality a speaker should display for ethos? A. Integrity B. Goodwill toward the audience. C. A false sense of humility