Please answer this: You are given a new situation: The country of Hinland reduced taxation hoping it would mean more money for government spending. On the other hand, Silvania, a southern country increased taxation hoping they would increase collection amounts. The problem was that Silvanian people increased taxation above the critical rate. and a hint : The Laffer curve depicts the amount of government revenue as a function of the rate of taxation. It shows that for a tax rate above a certain critical rate, government revenue starts decreasing as the tax rate rises, as a consequence of a decline in labour supply. This theory supports that, if the tax rate is above that critical point, a decrease in the tax rate should imply a rise in labour supply that in turn would lead to an increase in government revenue. Please answer this question : Which country experienced a decrease in government revenue?
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Answer: Silvania

Please answer this: You are given a new situation: Students in a high school chemistry class are conducting an experiment where they perform an acid-base reaction with various conditions. Half the students, called the non-enzyme half, perform the reaction by simply mixing the chemicals together and waiting. The other half of the students, called the enzyme-half, mix the chemicals together, then add an enzyme specialized for this specific reaction. and a hint : Enzymes are proteins that increase the rate of chemical reactions by reducing the amount of activation energy needed for reactants to start reacting. Enzymes are synthesized in the cells that need them, based on instructions encoded in the cell's DNA. Enzymes aren't changed or used up in the reactions they catalyze, so they can be used to speed up the same reaction over and over again. Enzymes are highly specific for certain chemical reactions, so they are very effective. A reaction that would take years to occur without its enzyme might occur in a split second with the enzyme. Enzymes are also very efficient, so waste products rarely form. Please answer this question : Which group will have to wait less for the reactions to finish?
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Answer: the enzyme-half

Please answer this: You are given a new situation: On March 2015 Japans economy soared. There was a likelihood that the Japanese yen would rise in value. In the wake of this event, Japanese Government adjusted the price of Japanese Currency Yen in accordance with the going market price. On the other hand, at he same time, UK was having economic downturn. There was a likelihood that the UK Currency Pound Sterling would go down. Fearing public backlash, UK Government kept the price of the Pound Sterling at the same level. and a hint : Often, foreign exchange controls can result in the creation of black markets to exchange the weaker currency for stronger currencies. This leads to a situation where the exchange rate for the foreign currency is much higher than the rate set by the government, and therefore creates a shadow currency exchange market. As such, it is unclear whether governments have the ability to enact effective exchange controls.[1] Please answer this question : Would UK Government fare better or worse in combating their currency being traded in the black market?
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Answer:
worse