ECON MICRO (with ECON MICRO Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
ECON MICRO (with ECON MICRO Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
5th Edition
ISBN: 9781305631946
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 2, Problem 3.7P

(a)

To determine

To graph: The PPF for studying and partying and label the axes, point of intersect and all other relevant points.

Concept Introduction:

PPF: It is a curve which shows the maximum possible output of two goods with the given set of efficiently used inputs

(b)

To determine

The meaning of shift of PPFand the adjustments needed to be incorporated in the personal life to make such PPF shift.

Concept Introduction:

PPF: It is a curve which shows the maximum possible output of two goods with the given set of efficiently used inputs.

(c)

To determine

The reason for the outward shift of PPF and whether the shift would be parallel one.

Concept Introduction:

PPF: It is a curve which shows the maximum possible output of two goods with the given set of efficiently used inputs

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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.
Not use ai please

Chapter 2 Solutions

ECON MICRO (with ECON MICRO Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

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