Reason for higher wages in coal mining.

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Answer 1

Question

Chapter 19, Problem 1QR

To determine

Reason for higher wages in coal mining.

Expert Solution & Answer

Explanation of Solution

Compensating differential exists in wages of coal miners. They are paid more than other workers with similar levels of education. This may be attributed to the dirty and dangerous nature of work in coal mining, as well as the long-term health problems that coal miner’s experience.

Economics Concept Introduction

Concept introduction:

Compensating differential: It is the difference in wages that arise to offset the nonmonetary characteristics of different jobs.

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Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.

answer

Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.

Answer 2

Question

Chapter 19, Problem 1QR

To determine

Reason for higher wages in coal mining.

Expert Solution & Answer

Explanation of Solution

Compensating differential exists in wages of coal miners. They are paid more than other workers with similar levels of education. This may be attributed to the dirty and dangerous nature of work in coal mining, as well as the long-term health problems that coal miner’s experience.

Economics Concept Introduction

Concept introduction:

Compensating differential: It is the difference in wages that arise to offset the nonmonetary characteristics of different jobs.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 19, Problem 1QR

To determine

Reason for higher wages in coal mining.

Expert Solution & Answer

Explanation of Solution

Compensating differential exists in wages of coal miners. They are paid more than other workers with similar levels of education. This may be attributed to the dirty and dangerous nature of work in coal mining, as well as the long-term health problems that coal miner’s experience.

Economics Concept Introduction

Concept introduction:

Compensating differential: It is the difference in wages that arise to offset the nonmonetary characteristics of different jobs.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 19, Problem 1QR

To determine

Reason for higher wages in coal mining.

Expert Solution & Answer

Explanation of Solution

Compensating differential exists in wages of coal miners. They are paid more than other workers with similar levels of education. This may be attributed to the dirty and dangerous nature of work in coal mining, as well as the long-term health problems that coal miner’s experience.

Economics Concept Introduction

Concept introduction:

Compensating differential: It is the difference in wages that arise to offset the nonmonetary characteristics of different jobs.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 19, Problem 1QR

To determine

Reason for higher wages in coal mining.

Expert Solution & Answer

Explanation of Solution

Compensating differential exists in wages of coal miners. They are paid more than other workers with similar levels of education. This may be attributed to the dirty and dangerous nature of work in coal mining, as well as the long-term health problems that coal miner’s experience.

Economics Concept Introduction

Concept introduction:

Compensating differential: It is the difference in wages that arise to offset the nonmonetary characteristics of different jobs.

Answer 6

Chapter 19, Problem 1QR

To determine

Reason for higher wages in coal mining.

Expert Solution & Answer

Explanation of Solution

Compensating differential exists in wages of coal miners. They are paid more than other workers with similar levels of education. This may be attributed to the dirty and dangerous nature of work in coal mining, as well as the long-term health problems that coal miner’s experience.

Economics Concept Introduction

Concept introduction:

Compensating differential: It is the difference in wages that arise to offset the nonmonetary characteristics of different jobs.

Answer 7

Chapter 19, Problem 1QR

To determine

Reason for higher wages in coal mining.

Answer 8

Expert Solution & Answer

Explanation of Solution

Compensating differential exists in wages of coal miners. They are paid more than other workers with similar levels of education. This may be attributed to the dirty and dangerous nature of work in coal mining, as well as the long-term health problems that coal miner’s experience.