Taxes and Perfectly Inelastic Demand
Who bears the burden for the taxes when demand is inelastic. (7:51)
Acknowledgements Except for third party materials and otherwise stated (see terms and conditions), this content is made available under a Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Licence Grateful acknowledgement is made to the following sources for permission to reproduce material in this unit. Every effort has
1.9 Conclusion If we try to recapitulate what we have done in this unit two main areas need to be considered: is there likely to be a European identity in the near future? and how important are national sentiments going to be? While it could be said that by the end of the twentieth century the EU had become a reasonably integrated economic space politically, and especially at the cultural level, progress was limited. But even at the economic level, areas like labour mobility were still very low in the
1.8.1 What happens next? The next ten years are likely to be momentous for the history of Europe. However, in the same way that no social scientist was able to predict the collapse of the Soviet order, it is pointless to speculate on possible but improbable scenarios. At this point it is only possible to project toward the future on the basis of the existing parameters; the more accurate and detailed our knowledge of the present trends is, the more likely our forecasts are to have some success. Europe is at a c
1.7.2 Summary The EU is an economic, juridical and, to a certain extent, a political reality but a single European public space has not emerged yet. The establishment of European citizenship could play a crucial part in fostering a common European public space. European citizenship could encourage Europeans to play a more active role in EU affairs and participate in governance processes. Excep 1.7.1 European citizenship The EU is an economic, juridical and, to an extent, political reality. But is it a public space in the sense of an arena in which groups and individuals vigorously exchange symbolic messages of different types? It would appear as if, while the public of most EU countries are willing to accept ever closer economic union (including a common currency and even political convergence), when it comes to historical memories, social organisation and cultural ideas (including religion), they are mostly 1.4.3 Summary The process toward European unification was initiated by top political elites in France, Italy, Germany and the Benelux countries after the Second World War. New collective actors are progressively being engaged in European affairs, among them the Labour movement, regional movements and new social movements such as the environmentalism of groups like Greenpeace and Friends of the Earth. European elites, although engaged in a con 1.4.1 Historical background European unification was begun by the social democratic and Christian democratic leaders of the Western European states who had fought each other during the Second World War. The idea was to create a community of states that would guarantee peace and prosperity. The process turned out to be long and arduous, particularly after the federalist failures of the Congress of the Hague (1949) and the European Defence Community (1953). The main emphasis was on economic co-operation, and the project w 1.3.2 Summary The shifting character of European geographical boundaries is illustrated by Turkey and the other twelve countries from Central and Eastern Europe which are currently negotiating access to the EU. The boundaries of Europe change depending on whether Europe is defined in terms of institutional structures, historical geography or observed patterns of social, economic and political interaction. Ex 1.3.1 Europe and the EU Is there a Europe beyond the EU? This is a question that becomes more and more difficult to answer. It is quite common for example to hear of such or such a country wishing to ‘join Europe’, when what is meant is that they wish to apply to join the EU. The criteria for joining the EU were laid down in the summit of Copenhagen, 21 and 22 June 1993. Candidates must have reached an institutional stability that guarantees democracy, legality, human rights, and the respect and prote 1.2.2 Summary The results of successive editions of the Eurobarometer show that in most EU countries only a very small percentage of people, around 5 per cent, declare having an exclusive European identity, while up to 50 per cent do not have any sense of European identity. European political identity is weak and there is a great variation across states. Except for third party materials and otherwise Introduction The problem of who, or what, are ‘Europeans’ is at the centre of many of the most acute political and social issues confronting contemporary Europe. Can a genuine European identity be constructed within Europe, and if so on what basis? This question is of even greater importance as the European Union expands and becomes ever more multicultural in character. This unit examines the ways in which European identities are – or are not – being forged across Europe. It assesses the var References Russia buries boat tragedy victims Bank Stress Tests: Spanish failures seen but Italy to pass Underwater U.S. homeowners assess options: Stay or walk away Hundreds rescued from migrant boat Fed chief's stern debt warning News Corp suit isolated to UK, pending more evidence: Coffee Arianna Huffington's key to happiness
July 13 - Victims of a boat accident in Russia's Volga river are buried in Kazan. Simon Hanna reports.
July 13 - Daiwa Capital Markets credit analyst Michael Symonds says some Spanish savings banks will fail the EU-wide stress tests, which will be released on Friday, but Italian banks are likely to pass.
July 13 - The White House says it's ramping up efforts to fix housing and with good reason— there are more American homeowners now under water on mortgages than at any time since the crisis began.
July 13 - Italian coastguard officials carry small children from a boat packed with migrants after the overcrowded vessel ran into trouble off the Italian island of Lampedusa. Nick Rowlands reports.
July 13 - U.S. Federal Reserve Chairman Ben Bernanke warned failure to lift the debt ceiling would throw the financial system into enormous disarray. He also said the Fed has more it can do to help the U.S. economy if needed. Bobbi Rebell reports.
July 13 - News Corp's hacking scandal took place in the UK and can only be sued in the U.S. if additional evidence against the American parent company is revealed, says Columbia law professor John Coffee.
July 6 - Arianna Huffington tells Atlantic's James Bennet and Reuters' Chrystia Freeland the secret to happiness - and education reform.
