Price Increases and Property Tax

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Question A

Problem 4 in the “Problems to Ponder” section at the end of chapter 9 asks about the oil price increase from 1973-1980. We have also seen this in 2005 and 2010, although not as dramatic a price increase. Please answer the questions in this problem. Discuss.

Question B

Problem 8 in the “Problems to Ponder” section at the end of chapter 9 is an issue today. Discuss this proposition and what can be done to solve California’s financial crisis.

What role to business firms have to help solve this issue?

 

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    phyllis young
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