what sense is taxing food is a ‘good’ way to raise revenue? Food being inelastic meaning people will always have the need to buy food consumables. Governments would benefit greatly by taxing food as it would be a fast way to raise money. Inelastic: Suppliers are unable to react quickly to a change in price. Firms also find it harder to implement change in production within certain time parameters. (b) In what sense is it not a ‘good’ way to raise revenue? Usually any increase in tax on sellers
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businessman would always raise prices when facing an inelastic demand curve but might or might not raise price when facing an elastic demand curve? Explain and justify your answers in detail. Elasticity and profit maximization behavior When facing an inelastic demand curve‚ a profit maximizing businessman would always raise price because increase in price will bring about increase in total revenue. On the other hand‚ when facing an elastic demand curve‚ he might or might not raise price because increase
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During the time of World War 1‚ a popular song was released called “I Didn’t Raise My Boy to be a Soldier” which coincided with those who opposed the war and encouraged the United States to stay out of the war. During the Second World War‚ comic books went from being published in newspapers to having their own books with characters
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How to Raise Leaders at Every Level to Achieve Extraordinary Results? Alaa Ahmed MBA Candidate Introduction Leadership is an important concept in every sector‚ in family‚ school‚ organization‚ company‚ and in every community. The secret behind the success of any organization is its leadership. Academic analysis has given us more than 850 definitions of leadership (bennis‚ 1997). All of them have the same factors but in different formulations. After I read many of these definitions‚ I saw
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America. This woman has a large knowledge in many fields including films‚ fashion social‚ culture with more than 400 articles‚ and commentaries in ABC News.com (1). But she still conquers other themes such as health service and “Organ Donor Death Raise Questions about Living Donors” (on April 11‚ 2012) is that article. Organ donations have both advantage and disadvantage. However‚ some details in article are subjective evaluation. We should have more multiple perspectives through posts of Gillian
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For Jane Jackson in “What Do You Mean I’m Not Getting A Raise‚” the decision was not wise to keep her three shift managers out of the loop. She needed to show the sensitivity in this case about how wage freezes affect people’s lives — an issue your employees must be up-to-date on and not blasted in sudden manner. It led to speculation among workers‚ attempting to come up with reasonings. “Numerous workers believed management intended to consider layoffs again at the end of the six-month freeze period
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a couple of months back and asked if I would be interested in volunteering at the Freedom Service Dog Annual Golf Fund Raiser I didn’t hesitate for a moment and said “sign me up”. I was thrilled at the thought of being a part of the team to help raise money for such a great cause. I often work late into the night. It seems that those quiet hours are the best time for me to get into a creative flow. Naturally‚ most early mornings are spent catching up on sleep‚ and some mornings I need a crane
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Name: Yuchun Lu Date: Feb 23rd‚ 2014 The New York Times‚ Feb 20th‚ 2014‚ B2：Gap to Increase Minimum Hourly Pay for its Employees in America Uncontrollable Variable: Economics The article‚ Gap to Increase Minimum Hourly Pay for its Employees in America‚ discusses Gap’s movement of raising minimum hourly payment. As the debate of whether increasing minimum wage to $10.10 becomes white-hot‚ Gap’s announcement of increasing minimum wages wins president Obama’s praises and appreciations. Despite
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Why we should raise legal driving age to 18 There were thirty thousand deaths of teenagers which were caused by car accidents from 1995- 2004. The issue of changing legal driving age has been being debated for decades. I am a teenager but i would not risk my life or other people if i am not ready. The first reason why we should raise the legal driving age to eighteen is the safety of drivers. Teenagers under eighteen are not yet developed the abilities to drive safely. For example
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How monetary policy can raise the level of aggregate demand in the short run. Introduction Monetary policy is the process by which the monetary authority of a country controls the supply of money‚ usually targeting a rate of the interest for the purpose of promoting economic grown and stability. ( Wikipedia ) In the short run‚ monetary policy affects the lever of output as its compositions can also affects the lever of output. An increase in money leads to a decrease in interest rates and
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