Briefing Paper November 2001 Economic Theory‚ Freedom and Human Rights: The Work of Amartya Sen This Briefing Paper reviews the ways in which the Nobel Prize winning economist Professor Amartya Sen has focussed international attention on the significance of fundamental human freedoms and human rights for development theory and practice. In the past‚ dominant approaches have often characterised development in terms of GDP per capita; food security in terms of food availability; and poverty
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Automotive Industry ECONOMIC THEORY Automotive Industry In the automotive industry there are many factors and policies that affect the automotive industry and its performance. The following topics and their impacts on the automotive industry are as follows: Supply and Demand (Sales) North American Free Trade Agreement (NAFTA) External Affects Labor Supply and Demand Federal Policies Economic Influence Supply And Demand High competition from foreign car imports causing US manufactures
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Statement: Tax cuts Increase economic activity‚ increase jobs and hence helps in increasing government revenue. Tax cuts stimulates economic activity: Firstly‚ Tax cuts on businesses and individuals give incentives for work and lead to increased savings and investment thus stimulating economic activities. People starts to work more hours and want to make more money as the taxes are quite low and they can get most of their profit in their own pockets. Production is increased due to tax cut on raw
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ECON 3311 – Fall 2012 Extra Credit Homework – Game Theory 1. What is the Nash equilibrium in the following game? 2. Does the following game have a Nash equilibrium? Does it have more than one Nash equilibrium? If so‚ what are they? 3. Coca-Cola and Pepsi are competing in the Brazilian soft-drink market. Each firm is deciding whether to follow an aggressive advertising strategy‚ in which the firm significantly increases its spending on media and billboard advertising over
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If you do not think the rules/laws are adequate‚ try and come up with some more safeguards. Question #4 - 300 words · Research sales tax laws in Michigan‚ Texas‚ Ohio‚ New Jersey and California. · Discuss what the sales tax rules are in these states. · Describe which states Ellen will have to pay sales tax. · Talk about the percentages/amounts and any other rules/laws she must follow. · Feel free to give ideas on how to track sales from
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Definition of Tax Evasion: Tax evasion usually entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities to reduce their tax liability and includes in particular dishonest tax reporting‚ such as declaring less income‚ profits or gains than actually earned or overstating deductions‚. It is an illegal practice where a person‚ organization or corporation intentionally avoids paying his/her/its true tax liability. Examples of practices which
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Ashanti there were taxes like “assaseto” it was to raise revenue through direct tax so during the assembly of chiefs summoned at Cape Coast in 19th April 1852‚ the Governor Major Hill passed a Poll Tax Ordinance. The poll tax ordinance imposed tax of one shilling per head on each man‚ woman and child in the colony. The poll tax was to be collected by officers appointed by the Governor with assistance of the chiefs. This tax was intended for the establishment of schools‚ markets etc. It is also for the
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A taxpayer’s average tax rate is determined by dividing the total tax paid by the total income of the taxpayer. A) True B) False Beginning in 2011‚ all paid tax return preparers must sign up with the IRS‚ pay a fee‚ and obtain a preparer tax identification number. A) True B) False 22. Taxpayers who are unable to pay their taxes may enter into a payment plan with the IRS if the amount they owe is within certain limits. A) True B) False 23. At which of the following IRS
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Contribution of Cigarette Tax in Improving Indonesia’s Economic Growth Smoking is prohibited due to medical reasons; nevertheless‚ many countries still allow their people to smoke in certain areas‚ for example in Indonesia. This is due to the fact that by raising the cigarette excise duty by exactly 100 per cent‚ the country would acquire many advantages. It will create numerous new employment opportunities and even boost the workers’ annual incomes. This is good for Indonesia’s economic because eventually
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Abstract A psychological tax treatment goes beyond the traditional deterrence model and explains tax morale as a complicated interaction between taxpayers and the government. As a contractual relationship implies duties and rights for each contract party‚ tax compliance is increased by sticking to the fiscal exchange paradigm between the citizens and the state. Citizens are willing to honestly declare income even if they do not receive a full public good equivalent to tax payments as long as the political
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