Problems And Exercises to Accompany Clay's Economics for the General Reader, And Ely's Outlines of Economics
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In our eReader you can find the full English version of the book. Read Problems And Exercises to Accompany Clay's Economics for the General Reader, And Ely's Outlines of Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Problems And Exercises to Accompany Clay's Economics for the General Reader, And Ely's Outlines of Economics
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Argue in support of the proposition that an in- crease in cost of production influences price through decreas- ing supply as compared with what it was or would otherwise have been.
125. 6. If the cost of manufacturing a certain grade of cotton cloth is increased by the imposition of a tax of two cents per yard, will price tend to rise? Explain.
126. 7. If the most efficient manufacturers of cotton cloth are making 25% upon their investment, and the least efficient or marginal producers are maki...ng 7%, will the price of cotton cloth tend to rise if the government, through taxation, confiscates all profit above 20% ? Explain.
127. 8. "The excess profits tax law was enacted in Oc- tober, 191 7. When did the marked rise in prices begin? The tax was greatly reduced in 1919, yet prices went on increas- 18 PROBLEMS AND EXERCISES IN ECONOMICS ing until they stood at 238 in December as compared with prices at 100, in 191 3, and at 266 in April, 1920. They began falling in the summer of 1920 without any further change having been made in the excess profits tax.
What to read after Problems And Exercises to Accompany Clay's Economics for the General Reader, And Ely's Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gordon Hayes to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Argue in support of the proposition that an in- crease in cost of production influences price through decreas- ing supply as compared with what it was or would otherwise have been.
125. 6. If the cost of manufacturing a certain grade of cotton cloth is increased by the imposition of a tax of two cents per yard, will price tend to rise? Explain.
126. 7. If the most efficient manufacturers of cotton cloth are making 25% upon their investment, and the least efficient or marginal producers are maki...ng 7%, will the price of cotton cloth tend to rise if the government, through taxation, confiscates all profit above 20% ? Explain.
127. 8. "The excess profits tax law was enacted in Oc- tober, 191 7. When did the marked rise in prices begin? The tax was greatly reduced in 1919, yet prices went on increas- 18 PROBLEMS AND EXERCISES IN ECONOMICS ing until they stood at 238 in December as compared with prices at 100, in 191 3, and at 266 in April, 1920. They began falling in the summer of 1920 without any further change having been made in the excess profits tax.
What to read after Problems And Exercises to Accompany Clay's Economics for the General Reader, And Ely's Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gordon Hayes to read onlineMoreLess
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