it is argued that import substitution is a misguided trade policy if the intent is to promote long-term economic growth. explain the reasons underlying this argument.
Answers
While import substitution policies may have some short-term benefits, they are often misguided if the goal is to promote long-term economic growth. By restricting trade and promoting protectionism, import substitution policies can lead to inefficiencies and a lack of diversification in the domestic economy, ultimately limiting the potential for sustained economic growth.
Import substitution refers to a trade policy that seeks to promote domestic production by reducing imports and substituting them with locally produced goods. However, it is argued that import substitution is a misguided trade policy if the intent is to promote long-term economic growth. There are several reasons underlying this argument.
Firstly, import substitution policies often lead to protectionism, which involves the imposition of trade barriers such as tariffs and quotas to restrict imports. This can lead to higher prices for consumers, reduced competition, and lower quality products.
Furthermore, protectionist policies can lead to retaliation from trading partners, which can harm exports and ultimately hurt the domestic economy.
Secondly, import substitution policies can lead to inefficiencies in the domestic economy. By protecting domestic producers from competition, import substitution policies can create a lack of incentives for firms to innovate and become more efficient. This can result in higher costs, lower productivity, and lower overall economic growth.
Finally, import substitution policies can result in a lack of diversification in the domestic economy. By focusing on domestic production of a narrow range of goods, import substitution policies can limit the potential for growth in other sectors and industries.
This can leave the economy vulnerable to external shocks and limit the potential for long-term economic growth.
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Related Questions
At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answers
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.
what is transparency
Answers
Freddy has received a gift from his family on his eighteenth birthday of 10,000 shares in Ace Pharmaceuticals Ltd. 5,000 of these shares are ordinary shares and the other 5,000 shares are 10% preference shares.
This is Freddy’s first time that he owns shares in a company and he wants some advice about the two types of shares in Ace Pharmaceuticals Ltd. (300 words)
Required:
Explain to Freddy:
What are Ordinary Shares and Preferences Shares?
Answers
Ordinary shares, also known as common shares, represent ownership in a company. When an individual holds ordinary shares, they become a shareholder and have certain rights and privileges within the company. Here are the key characteristics of ordinary shares:
1. Voting Rights: Ordinary shareholders typically have the right to vote on company matters, such as electing the board of directors or approving significant decisions.
2. Dividend Payments: Ordinary shareholders may receive dividends, which are a portion of the company's profits distributed to shareholders. However, the payment of dividends is dependent on the company's financial performance and the decision of the board of directors.
3. Capital Appreciation: Ordinary shares provide the potential for capital appreciation. If the company's value increases, the value of the ordinary shares may also rise, allowing shareholders to sell their shares at a higher price and potentially make a profit.
4. Risk and Returns: As owners, ordinary shareholders bear the highest level of risk. If the company faces financial difficulties or liquidation, ordinary shareholders have a residual claim on the company's assets after all other obligations are met. However, they also have the potential to earn higher returns compared to preference shareholders if the company performs well.
**Preference Shares:**
Preference shares, also known as preferred shares, are a type of share that provides certain preferential rights and benefits to the shareholders. Here are the key characteristics of preference shares:
1. Fixed Dividend: Preference shareholders are entitled to receive a fixed dividend amount or a predetermined dividend rate before any dividends are paid to ordinary shareholders. This fixed dividend is often expressed as a percentage of the nominal value of the preference shares.
2. Priority in Liquidation: In the event of the company's liquidation, preference shareholders have priority over ordinary shareholders in terms of recovering their investment. They have a preferential claim on the company's assets and are paid back their initial investment before ordinary shareholders.
3. Limited Voting Rights: Preference shareholders typically have limited or no voting rights. Their influence on company decisions may be restricted compared to ordinary shareholders.
4. Lower Risk, Lower Returns: Preference shares generally carry lower risk compared to ordinary shares. While preference shareholders receive preferential treatment in terms of dividends and liquidation, they may not benefit from the potential capital appreciation that ordinary shareholders can enjoy.
It's important for Freddy to understand the distinctions between ordinary shares and preference shares in order to make informed decisions about his investment in Ace Pharmaceuticals Ltd.
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You have opened a for-profit adult technical school and you want to advertise it to potential students throughout your state.
Which marketing method would be most appropriate?
Question 2 options:
Local Television Ad
Social Media
Email
Distribute Flyers
Thxz For your help
Answers
Advertisement strategy to opt for opening a for-profit adult technical school to its potential students throughout the state will be Social Media. Option B is correct.
What is social media?Social media refers to methods of communication where individuals produce, share, and/or exchange knowledge, business ideas, advertise products & services and concepts in online groups and networks.
The primary accounts on available by various social media apps which are managed by the Office of Communications and Marketing.
Social media is used by billions of people worldwide to connect and share information. Social media gives you the personal freedom to interact with loved ones, advertisement, product promotion learn new things, explore new interests, and be entertained.
Thus social media is important tool in advertising to potential school students.
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Please comment on the opinion ""outsourcing simply should not occur because it is unethical to lay off productive and loyal workers just to save some money"". Or What if it was your job (or your parent’s job) being outsourced?
Answers
The opinion expressed is that outsourcing should not occur because laying off productive and loyal workers is unethical to save money. Outsourcing refers to reducing costs.
When considering this opinion, it is important to note that the ethical implications of outsourcing can vary depending on the specific circumstances and perspectives involved. While some argue that outsourcing can lead to the loss of jobs and negatively impact local economies, others believe it can lead to greater efficiency and economic benefits in the long run.
In the case of a job being outsourced, it can be challenging for the affected individual or their family. Losing a job due to outsourcing can have financial and emotional consequences. However, it is also important to acknowledge that outsourcing decisions are typically made based on business considerations such as cost savings and competitiveness in the global market.
When discussing this topic, it is essential to approach the conversation with empathy and respect for differing opinions. It is valuable to consider the broader economic implications and explore potential solutions, such as retraining and providing support for affected workers, to mitigate the negative impacts of outsourcing.
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eric is expected to show high deference to his boss who is the ceo of a software company. his boss makes all the decisions without much input from lower level employees. this is an example of a
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Eric is expected to show high deference to his boss who is the ceo of a software company. his boss makes all the decisions without much input from lower level employees. this is an example of a High power (-distant) culture.
An employee is someone who receives paid to work for someone or enterprise. people do not need to paintings full time to be taken into consideration personnel—they in reality need to be paid to work by using an organisation (the character or commercial enterprise that can pay them).
Employees complete tasks for organisation leaders . They use their abilties, knowledge and information to meet a positive function at a firm. They usually work within a particular branch like customer service, marketing, accounting or facts generation.
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Which of the following is a good example of inflation? OA. You get a flat tire on your car. OB. You work three jobs in order to pay your bills It cost you $50 to gas up your car this month. But last month it cost you OC. $85 It cost you $85 to gas up your car this month. But last month it only cost OD you S50
Answers
Answer: C.) It cost you $85 to gas up your car this month but last month it only cost you $50
Explanation:
Jamaluddin School, Male' Business Studies / Grade 7 REVISION- WANTS, NEEDS AND RESOURCES Answer ALL question. For each question there will be four possible answers A, B, C and D. Underline the ONE you consider correct.
1. Economics is the study of:
A. Study of wants and needs
B. Study of choice and opportunity cost
C. Study of resources, its utilization and
how decisions are made
D. Study basic needs
Answers
Answer:
Study of resources, it's utilization and how decisions are made
In December 2021, you accounting firm accepted an audit engagement at Jenson Jewellers
Ltd, a company that deals largely in diamonds. The company has retail jewellery stores in
several Australian states and a diamond wholesale store in Sydney. The wholesale store
also sets the diamonds in rings and other jewellery.
The retail stores place orders for diamond jewellery with the wholesale store in Sydney. A
buyer employed by the wholesale store purchases diamonds in the local and overseas
diamond market, and the wholesale store then fills the orders from the retail stores and
from independent customers. They maintain a substantial inventory of diamonds. The
company values its inventory by the specific identification cost method.
Required:
Assume that at the inventory date, you are satisfied that Jenson Jewellers Ltd has no items
left by customers for repair or sale on consignment and that no inventory owned by the
company is in the possession of external parties.
a. Discuss the problems the auditor should anticipate in planning for the observation of
the physical inventory on this engagement because of:-
a. Different locations of inventories
b. Nature of the inventory
b. an audit program is required for the verification of the company's diamond and diamond
jewellery inventories, identifying any steps that you would apply only to the retail
stores or to the wholesale store.
c. Assume that a shipment of diamond rings was in transit from the wholesale store to a retail store on the inventory date. What additional audit steps would you include in
the plan to satisfy yourself as to the gems that were in transit from the wholesale store
on the inventory date?
Answers
The auditor should anticipate problems in planning for the observation of the physical inventory at Jenson Jewellers Ltd due to different inventory locations and the nature of the inventory.
What challenges may arise during the physical inventory observation at Jenson Jewellers Ltd?In planning for the observation of the physical inventory at Jenson Jewellers Ltd, the auditor needs to consider the challenges posed by the different locations of inventories. With retail stores in multiple Australian states and a wholesale store in Sydney, it becomes crucial to determine the appropriate timing and logistics for visiting each location to conduct the physical count.
Coordinating with the management of each store and establishing clear communication channels will be necessary to ensure the smooth execution of the inventory observation process.
Furthermore, the nature of the inventory, which consists of diamonds and diamond jewelry, adds complexity to the audit engagement. Diamonds are high-value items, susceptible to theft or misplacement. Therefore, the auditor needs to devise appropriate safeguards and control measures to minimize the risk of loss or mishandling during the physical count. This may involve implementing security protocols, such as the presence of security personnel or surveillance systems, to protect the inventory during the observation.
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Direct Labor Variances Ada Clothes Company produced 40,000 units during April. The Cutting Department used 12,800 direct labor hours at an actual rate of $16. 50 per hour. The Sewing Department used 19,600 direct labor hours at an actual rate of $19. 25 per hour. Assume there were no work in process inventories in either department at the beginning or end of the month. The standard labor rate is $18. 0. The standard labor time for the Cutting and Sewing departments is 0. 3 hour and 0. 5 hour per unit, respectively. A. Determine the direct labor rate, direct labor time, and total direct labor cost variance for the (1) Cutting Department and (2) Sewing Department. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Cutting Department Sewing Department Direct Labor Rate Variance $fill in the blank 1 $fill in the blank 3 Direct Labor Time Variance $fill in the blank 5 $fill in the blank 7 Total Direct Labor Cost Variance $fill in the blank 9 $fill in the blank 11 b. The two departments have opposite results. The Cutting Department has a(n) rate variance and a(n) time variance, resulting in a total cost variance. In contrast, the Sewing Department has a(n) rate variance but has a(n) time variance, resulting in a total cost variance
Answers
The Cutting Department has a favorable direct labor rate variance but an unfavorable direct labor time variance, resulting in an unfavorable total direct labor cost variance. In contrast, the Sewing Department has an unfavorable direct labor rate variance but a favorable direct labor time variance, resulting in an unfavorable total direct labor cost variance.
To determine the direct labor rate variance, we calculate the difference between the actual rate paid and the standard rate, multiplied by the actual hours worked. For the Cutting Department, this gives us ($16.50 - $18.0) x 12,800 = -$19,200, which is a favorable variance (indicated by the negative sign) because the actual rate paid is lower than the standard rate. For the Sewing Department, the direct labor rate variance is ($19.25 - $18.0) x 19,600 = $24,750, which is an unfavorable variance because the actual rate paid is higher than the standard rate.
To determine the direct labor time variance, we calculate the difference between the actual hours worked and the standard hours expected, multiplied by the standard rate. For the Cutting Department, this gives us (12,800 x 0.3 - 40,000) x $18.0 = $30,240, which is an unfavorable variance because the actual hours worked are more than the standard hours expected. For the Sewing Department, the direct labor time variance is (19,600 x 0.5 - 40,000) x $18.0 = -$3,960, which is a favorable variance because the actual hours worked are less than the standard hours expected.
Finally, to determine the total direct labor cost variance, we add the direct labor rate variance and the direct labor time variance. For the Cutting Department, the total direct labor cost variance is -$19,200 + $30,240 = $11,040, which is an unfavorable variance. For the Sewing Department, the total direct labor cost variance is $24,750 - $3,960 = $20,790, which is an unfavorable variance.
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Please, someone help me. :(
Answers
Answer:
All u have to do is graph the points from the table above
Explanation:
Year to date, Company Y had earned a 10.8 percent return. During the same time period, Company R earned 12.20 percent and Company C earned −1.56 percent. If you have a portfolio made up of 45 percent Y, 35 percent R, and 20 percent C, what is your portfolio return?
Answers
Answer:
8.82%
Explanation:
The computation of the portfolio return is shown below:
Portfolio return = Respective returns ×Respective weights
= (10.8 × 0.45) + (12.2 × 0.35) + (-1.56 × 0.20)
= 8.82%
Hence, the portfolio return is 8.82%
We simply applied the above formula so that the portfolio return could come
And, the same is to be considered
A company uses the following standard costs to produce a single unit of output.
Direct materials 7 pounds at $0.80 per pound = $ 5.60 Direct labor 0.6 hour at $10.00 per hour = $ 6.00 Manufacturing overhead 0.6 hour at $4.20 per hour = $ 2.52 During the latest month, the company purchased and used 67,000 pounds of direct materials at a price of $1.10 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $54,340 based on 5,720 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $22,200 and fixed manufacturing overhead incurred was $13,000. Based on this information, the total direct materials cost variance for the month was:
A. $17,700 unfavorable
B. $17,700 favorable
C. $20,100 favorable
D. $20,100 unfavorable
E. $2,400 favorable
Answers
The total direct materials cost variance for the month was $17,700 unfavorable. To calculate the total direct materials cost variance, we need to compare the standard cost with the actual cost of direct materials used.
The total direct materials cost variance for the month was $17,700 unfavorable. To calculate this variance, we need to compare the standard cost with the actual cost of direct materials used. The standard cost is the cost that the company expects to incur based on predetermined standards. In this case, the standard cost for direct materials is calculated by multiplying the quantity of direct materials (7 pounds) by the standard price per pound ($0.80).
For the actual cost, we multiply the quantity of direct materials purchased and used (67,000 pounds) by the actual price per pound ($1.10). The variance is then calculated by subtracting the standard cost from the actual cost. If the actual cost is higher than the standard cost, the variance is unfavorable. In this case, the actual cost of $73,700 is higher than the standard cost of $56,000, resulting in an unfavorable variance of $17,700. This indicates that the company spent more on direct materials than it had anticipated.
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What does a pharmacist do in medical sector?
Answers
Answer:
Pharmacists are healthcare professionals who specialize in the right way to use, store, preserve, and provide medicine.
Prepare the general journal entry (without explanation) needed to close Net Income or Net Loss for the year end. Use compound entries where required. If no entry is required then write "No Entry Required."
Answers
Answer:
Closing entry for closing net profit / net loss for the year ended
Explanation:
In case of net profit, for the year ended closed -Profit & Loss a/c .. dr
to Capital ac
{Reason - As profit has credit balance, so nullifying by debiting it. And, profit increases capital, so capital a/c is credited}
In case of net loss, for the year ended closed -Capital a/c .. dr
to Profit & Loss ac
{Reason - As loss has debit balance, so nullifying by crediting it. And, loss decreases capital, so capital a/c is debited}
The junior class at Summerfield High School sold a total of 375 tickets for their spring festival. The adult tickets sold for $7. 50 each and the student tickets sold for $4. 50 each. If the junior class collected $2,212. 50 in ticket sales, how many student tickets did the class sell?.
Answers
The number of student's ticket sold is 200.
Two equations can be gotten from the question:
a + b = 375 equation 1
7.5a + 4.5b = 2,212.50 equation 2
Where:
a = number of adult ticket sold
b = number of children's ticket sold
In order to determine the value of b, multiply equation 1 by 7.5
7.5a + 7.5b = 2812.50 equation 3
Subtract equation 2 from 3
3b = 600
Divide both sides by 3
b = 600 / 3
b = 200
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marcus finds that a check written by a customer and deposited has not yet been posted
Answers
A card issued by a bank that allows users to finance
a purchase.
Credit card
Debit card
Answers
Answer: Credit Card
Explanation:
Debit cards allow you to spend money by drawing on funds you’ve deposited at the bank.
Credit cards allow you to borrow money from the card issuer up to a certain limit in order to buy items or withdraw cash.
I hope this helps!
The first stage of the production function occurs when the firm experiences Question 12 options: a. negative returns. b. constant returns. c.diminishing returns. d. increasing returns.
Answers
The first stage of the production function occurs when the firm experiences increasing returns. The correct option is d.
A production function demonstrates the connection between the amount of factors used and the output generated. Three phases can be distinguished in the production function: increasing returns to scale, constant returns to scale, and decreasing returns to scale. The first stage is when the production function is experiencing increasing returns.
When the factor input is increased by a certain percentage and output rises by a greater percentage, it is known as increasing returns to scale. If all inputs are doubled and output more than doubles, for example, this is the case. When a company enters the market and starts to produce, it usually begins at a small scale. When they raise production by adding inputs such as labor or machines, the output increases by a greater percentage than the increase in inputs, resulting in increasing returns.
The firm, at this stage, is generating additional output per unit of input added. Economies of scale are the reason for increasing returns in the first phase. These economies are caused by factors such as specialization, efficiency gains, and technology improvements.
When the economies of scale, which account for increasing returns to scale, are exhausted, the second stage, which is constant returns to scale, takes place. It is when the firm increases inputs, and the output grows by the same percentage.
Thus, the correct option is d.
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Simon's hot chicken purchased its building seven years ago at a price of $141,150. the building could be sold for $180,750 today. the company spent $66,950 on other fixed assets that could be sold for $59,450. the company has accumulated depreciation of $81,750 on its fixed assets. the company has current liabilities of $37,700 and net working capital of $19,250.
required:
what is the ending book value of net fixed assets?
Answers
The ending book value of net fixed assets for Simon's Hot Chicken is $126,350, calculated by subtracting the accumulated depreciation from the initial cost of fixed assets .
To calculate the ending book value of net fixed assets, we need to subtract the accumulated depreciation from the initial cost of fixed assets. The initial cost of the building is $141,150, and the accumulated depreciation on fixed assets is $81,750. Thus, the ending book value of the building is $141,150 - $81,750 = $59,400.
The other fixed assets cost $66,950, and the accumulated depreciation is not provided for these assets. However, we are given that these assets could be sold for $59,450. Since the accumulated depreciation is not specified, we assume it to be zero. Therefore, the ending book value of the other fixed assets is $66,950 - $0 = $66,950.
To find the ending book value of net fixed assets, we sum up the book values of the building and other fixed assets: $59,400 + $66,950 = $126,350. Therefore, the ending book value of net fixed assets for Simon's Hot Chicken is $126,350.
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calculate the percentage by mass of all the components element in sodium trioxonitrate(v)
Answers
Sodium =27.05
Nitrogen=16.47
Oxygen=56.46
Discuss the importance of looking at your paper objectively when
preparing to revise it. Describe techniques you can use to look
objectively at your paper.
Answers
Looking at your paper objectively is crucial when preparing to revise it because it allows you to identify and address weaknesses, inconsistencies, and areas for improvement.
By approaching your paper with an objective mindset, you can evaluate its structure, clarity, coherence, and overall effectiveness. This process helps ensure that your ideas are effectively communicated and that your paper meets the intended goals and requirements.
To look objectively at your paper, you can employ several techniques: Take a break: Step away from your paper for a while, ideally for a few hours or even a day or two. This break allows you to distance yourself from the content, enabling you to approach it with fresh eyes.
Read aloud: Read your paper aloud, listening carefully to the flow, sentence structure, and overall coherence. This technique helps you identify awkward phrasing, run-on sentences, and areas where additional clarity is needed.
Seek feedback: Share your paper with others, such as peers, classmates, or instructors, and ask for their honest feedback. External perspectives can provide valuable insights and highlight areas that may require improvement.
Use checklists or rubrics: Utilize checklists or rubrics that outline specific criteria for evaluating your paper. These tools can help you objectively assess aspects like organization, evidence, argumentation, grammar, and formatting.
Consider the audience: Put yourself in the shoes of your intended audience and evaluate whether your paper effectively communicates your ideas to them. Consider if the tone, language, and examples used are appropriate and understandable to your target readers.
By employing these techniques, you can approach your paper with a critical and objective mindset, leading to more effective revisions and ultimately enhancing the quality of your work.
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Clyde purchased a 4000K television online from Best Buy. The television retails for $749, but Best Buy also offered a 15% discount off the retail price. If the tax rate is 8.25%, how much did Clyde pay for the television at checkout? Round to two decimal places. $702.54 $689.17 $810.79 $729.71
Answers
Answer:
$689.17
Explanation:
In order to find the answer, first you have to calculate the price of the TV after the 15% discount by calculating 15% of the price and subtracting that result from the price:
$749*15%=112.35
$749-$112.35=$636.65
Now, you have to found the amount of the tax and add that to the price:
$636.65*8.25%=$52.52
$636.65+$52.52=$689.17
According to this, the answer is that Clyde paid $689.17 for the television at checkout.
A house is being appraised using the sales comparison approach. The house has three bedrooms, two bathrooms, and a patio. The appraiser selects a comparable house that has three bedrooms, 3 bathrooms, and no patio. The comparable house just sold for $200,000. A bath is valued at $7,000, and a patio at $2,000. Assuming all else is equal, what is the adjusted value of the comparable
Answers
Answer:
$195,000
Explanation:
Calculation for the adjusted value of the comparable
Using this formula
Adjusted value=( Sales of comparable house-Bath value +Patio cost)
Let plug in the formula
Adjusted value=$200,000-$7,000+$2,000
Adjusted value =$195,000
Therefore the adjusted value of the comparable assuming all else is equal would be $195,000
You want to sell your Wii because you received a PS3 for your birthday. You post an ad at school that says, "Wii for sale for $150. First come, first served. Inquire at this phone number." Is that offer valid?
Responses
Yes
Yes
No
Answers
Answer: yes
Explanation: its a wii
what is stock exchange?
Answers
Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for
$7,411. What was his gross capital gain?
Answers
If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
Gross capital gainIn order to determine the gross capital gain since we were told that he purchased stock for the amount of $5,125 in which last month he sold the stock for the amount of $7,411 we have to deduct the current stock selling price form the stock purchase price by making use of this formula to determine the gross capital gain.
Gross capital gain = Current stock selling price - Stock purchase price
Where:
Current stock selling price = $7,411
Stock purchase price = $5,125
Let plug in the formula so as to find the gross capital gain
Gross capital gain = $7,411 - $5,125
Gross capital gain =$2,286
Therefore If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
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Which careers are apart of the Finance career cluster?
A: Retail Agent, Pet Store Owner, Retail Buyer
B: Lawyer, Paralegal, Judge
C: Architect, General Contractor, Site Foreman
D: Fraud Investigator, Financial Analyst, Treasurer
Answers
Answer:
D, most likely
Explanation:
Answer:
Fraud Investigator, Financial Analyst, and Treasurer is the part of finance career.
Explanation:
A person interested in taking up a career in the finance field they are exposed to various options. Persons who have skills in finance can adopt certain careers like- analytics, treasuring or investigation of money. The above stated cluster of career is related to finance.
An investigator who investigates about the swindling of money is the fraud investigator; a financial analyst helps in analyzing the money policies to the clients and their investments and the treasurer handles money payments from customers.
can regional level employment be converted into national level
employment? Why? Why not ?
Answers
Answer:
The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.
Explanation:
plz mark me as brilliant plz
Explain the difference between the common misconception people have about tax brackets and how they actually work
Answers
Answer:
Tax brackets misconception is that it defines how much tax will be paid by an individual but this is not true. It only determines the rate of tax which will be applied to the individual for his income.
Explanation:
The tax bracket is determined for an individual based on his salary. After the computation of taxable income tax brackets are selected and rate is applied which ever tax bracket falls correctly. The tax rate applied to the taxable incomes gives the tax amount which is to be paid by an individual.