Economics HL- IB Price elasticity and indirect taxes Q. Using at least one diagram‚ explain why knowledge of price elasticity of demand is necessary for a government when they are considering increasing indirect taxes on certain products. (16th May 2011‚ Economics- Paper 2(HL)‚ Time Zone 2) The government needs to understand price elasticity of demand when setting the price of the commodities and services it provides for the community (like public transport price). It also needs to be able
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Should the U.S. Government Increase Spending On The Space Program A group of children lie in the tall grass on a moonless night‚ staring in wonder up at the hundreds of diamond pinpoints glittering across the heavens. This peaceful scene could have taken place at any point in history‚ from the cave dwelling Neanderthal‚ to a family celebrating a warm summer evening together at a local park. The Heavens have always been a source of passionate fascination and wonderment for intelligent beings
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In the state of North Carolina‚ the statistics for teacher pay and student spending is lagging with being 42nd for the highest paid in the nation and 46th for highest per-pupil spending (Teaching in North Carolina). Also‚ it has been made known that UNC systems enrollment in education programs is down roughly thirty percent since 2010 (Teaching in North Carolina). With all mentioned‚ North Carolina teachers are being down-graded and undervalued. Their lack of being down-graded and undervalued will
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| | | About | Contact | Mongabay on Facebook | Mongabay on Twitter | Subscribe | | | | | | Rainforests | Tropical fish | Environmental news | For kids | Madagascar | Photos | | | | Philippines - GOVERNMENT | | Philippines - GovernmentPhilippinesAS PRESIDENT CORAZON C. AQUINO entered the final year of her six-year term in 1991‚ she presided over a demoralized nation reeling from the effects of natural calamities and economic malaise. The country
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Legislative Power Each of the three branches of government have an incredible amount of power. These branches are the ingredients that make our government what it is today. They all hold powers that work together to keep the government working as a whole. There are many checks placed on each branch to make sure that one doesn’t become too powerful‚ but that does not mean one is not slightly more powerful than the others. Even though the president and Supreme Court judges hold immense power‚ the legislative
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The government in Carthage was similar to that of Rome because they had two chief magistrates and a council of elders simply called “the hundred”. In Carthage‚ there was also an assembly where citizens could express their demands and concerns (Morley‚ 1901). Some of these aspects of government were very similar to the form of government in Rome where a group of elders advised those in office‚ and the Senate. In reality however‚ Carthage was different because despite these official government positions
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international investment revolve in many ways around what governments may do. This means both what governments may do to regulate foreign investment‚ perhaps to make it less volatile‚ as well as actions government may take simply to get out of the way of the market‚ clearing the existing barriers to capital. Every government has got some aims to maintain the rate of GDP ( gross domestic product) that having a stable economy. Here are some common aims of government which everyone country has to take care of :
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Throughout United States history‚ many individuals as well as many groups of people have created systems to develop a strong and a fair government. The system was created to avoid King George III from coming back and rule them like he had done before. With this in mind they decide that as a free nation they should come together and create a system of government‚ which is the system by which a state or community is controlled. Some of the systems include the Article of Confederation‚Bill of Rights
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I. Introduction to hypothesis In estimating the relationship between the money supply and nominal GDP we look into the past to find the many different ways that the great economists of the past studied this relationship. The first thing to understand is that money supply should be considered the same thing as money demand‚ this happens in our equilibrium society that I am using for this paper. Therefore anytime equations may differ depending on money supply and money demand we will just assume
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known as consumers except for common commodities such as rice‚ flour & sugar. It is a broad-based tax imposed on every level of a product‚ from raw materials all the way to finished goods. Goods and services tax (GST) is one type of indirect taxes. GST is also known as value added tax (VAT) (Abood Mohammad Salmeen Alebel‚ n.d). On the other hand‚ indirect tax is a tax that can make people difficult such as export duties‚ import duties‚ excise duties‚ sales tax‚ service tax and others. (Juliana
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