Laissez-faire Question 14 2.5 pts The members of Congress, seem to support supply side economics even though deficit spending continues and our national debt continues to grow. Republican Independent Socialist Democrat Question 15 2.5 pts Income equality is no longer a problem in the United States and the gap between the rich and the poor continues to get smaller and smaller, True False Question 16 2.5 pts
Answers
Laissez-faire, according to Adam Smith, maintains that the market regulates itself, requiring no government intervention, and allowing individuals to compete and exchange freely in the economy. In contrast, supply-side economics is a macroeconomic theory that concentrates on increasing the supply of goods and service
This theory focuses on increasing the output of the economy to meet the growing demand for goods and services by lowering taxes, reducing regulation, and reducing government spending, which creates incentives for businesses to invest and hire. However, despite the continuing rise in debt and deficit spending, members of Congress, particularly Republicans, seem to support supply-side economics.
Question 15: Income inequality is still a significant issue in the United States, with the gap between the rich and the poor continuing to widen. The rich become wealthier, and the poor become poorer, according to studies. According to a study released by the Federal Reserve, the wealthiest 1% of Americans hold 40% of the country's wealth, while the bottom 50% hold less than 2%. Income inequality harms the economy by reducing social mobility and consumer demand, leading to political instability and economic inefficiency.
Question 16: The government should be concerned with income inequality and should take action to address it. Several solutions have been proposed, including increasing the minimum wage, increasing taxes on the wealthy, and providing universal healthcare and education, to promote a more equitable distribution of resources. By reducing inequality and raising living standards for the most impoverished, these proposals will help to create a more stable and prosperous economy, benefitting everyone.
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Related Questions
If the growth rate of your company was 31% from 2016 to 2017. And revenue in 2016 was $565,998. What was the revenue in 2017?
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Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores
Answers
Answer:
c
Explanation:
A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes
Of those listed below, the best example of a pure public good is a. a public school b. a radio broadcast c. a hardcover copy of a book d. a rock concert held in a small auditorium
Answers
Answer:
b. a radio broadcast
Explanation:
The pure public good is a good which is non-rivalrous and non-excludable. Non-rivalrous represents that the goods does not diminshed in the case when more people consumed it while on the other hand, the non-excludable represents that the goods are available to all
Therefore as per the given options, the option b is correct
hence, the other options are incorrect
Compare these costs.
48 paper plates for $2.99
75 paper plates for $3.99
Answers
Answer:
the $3.99 one cost less per unit
Explanation:
the $2.99 = $0.06 per unit
the $3.99 = $0.05 per unit
Why is ESKOM making an economic loss
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Answer:
South Africa has been struggling for years to overhaul Eskom, which is plagued by corruption and mismanagement and has received 263.4 billion rand in bailouts since 2008/09.
Explanation:
Eskom is implementing the worst power outages on record, hurting economic growth that is projected at 0.9 % this year.
What are some examples of companies providing consumers with goods?
Answers
Answer:
is this a multiple choice question?
Explanation:
Whether carried out by an individual or a country, production beyond the production possibilities frontier A. is not physically possible. B. is possible only through trade. C. can occur by acquiring more productive resources, D. happens as a result of forced saving.
Answers
Option A. is not physically possible is the correct statement regarding production beyond the production possibilities frontier (PPF).
The production possibilities frontier (PPF) represents the maximum amount of goods and services that a country can produce given its resources and technology. It is a graphical representation of the production tradeoff between two different goods or services.
Any point beyond the PPF is considered unattainable, as it represents a level of production that is not feasible given the current resources and technology. Therefore, option A, "is not physically possible," is the correct statement.
Option B, "is possible only through trade," is incorrect because trade can help a country to reach a point outside its PPF by specializing in the production of the goods and services in which it has a comparative advantage and trading for the goods and services that it cannot produce efficiently.
Option C, "can occur by acquiring more productive resources," is also incorrect because the PPF assumes a fixed level of resources and technology. While acquiring more productive resources may allow a country to shift its PPF outward, it cannot produce beyond its current PPF.
Option D, "happens as a result of forced saving," is also incorrect because forced saving does not increase the amount of resources or technology available to a country. It may increase the amount of investment, but it cannot increase the productive capacity of a country beyond its current PPF.
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Which of the following is a cost, or consequence, of choosing an investment account, such as a CD, over a traditional savings account?
Investments will typically earn a higher rate of interest.
Investments usually limit access to the deposited funds.
Investments that lose value can reduce credit scores.
Investments offer greater security from fraud and theft.
Answers
Option B. The consequence of choosing the investment is that Investments usually limit access to the deposited funds.
What is an investment?A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort. In the world of finance, investing is done in order to profit from the asset being put to use.
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Answer:Which of the following is a cost, or consequence, of choosing an investment account, such as a CD, over a traditional savings account?
Investments will typically earn a higher rate of interest.
Investments usually limit access to the deposited funds. <======
Investments that lose value can reduce credit scores.
Investments offer greater security from fraud and theft.
Explanation:
When does the price of an item increase?
Answers
Answer:
WHEN TAXES GET HIGH
Explanation:
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Answer:
THE PRICE INCREASE when it have cent
Explanation:
2.01 plus taxes
Explain the importance of team dynamics (plz help)
Answers
Team dynamics in the workplace are important because they impact creativity, productivity and effectiveness. Since group work is integral to organisations, improving group dynamics can lead to better work outcomes, customer satisfaction and an improved bottom line.
The cost of interest of a $500 loan for 12 months is $21.88. What is the interest rate charged for the loan per year?
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Answer:
4.19%
Explanation:
((500/(500+21.88)-1)*100
According to the Katznelson text, the primary check on the interest group advantages of business interests is
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According to the text, the primary test of community of interest merit is corporate profit. It is in the limelight of sustained public attention.
The main purpose of interest groups is to influence public policy for themselves or their purposes. Other purposes associated with these groups are:
Interest groups are pushing governments to change. An organized group of people who approach governments on policy issues. Create groups to increase their chances of being heard. The basic goal of interest groups is to influence public policy. Advocacy groups do this by bringing large groups of people together to confront a particular issue in order to get the attention of national agencies and to set or create policies that meet their needs.
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PLZ HELP: FIND THE PROFIT
Fixed costs are £26,000 per year, and variable costs include wages at £10 per
unit, raw materials at £12 per unit and delivery/packaging at £3 per unit. It is expected that a business will make and sell 750 units during the year, with
a selling price of £26.
Answers
Answer:
Net loss -£25,250
Explanation:
The computation of the profit is shown below:
Sales (750 units × £26) £19,500
Less: Variable cost (750 units × £25) £18,750
Contribution margin £750
Less: Fixed cost £26,000
Net loss -£25,250
The £25 could be calculated below:
= £10 + £12 + £3
= £25
Basically applied the above format
Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
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Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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The Coase theorem states that ... a) property rights should initially be assigned to those affected by a negative externality. b) property rights should initially be assigned to those creating a negative externality. c) as long as property rights are well defined and no transactions costs exist, an efficient allocation will result. d) as long as property rights are well defined and transactions costs are high, an efficient allocation will result. e) an efficient allocation will also be equitable to all parties concerned.
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Answer:
c) as long as property rights are well defined and no transactions costs exist, an efficient allocation will result.
Explanation:
Coase theorem was developed in 1960 by a British economist and author named Ronald Coase.
Coase theorem states that when the actions of a party (X) negatively affects or harm another party (Y), then party Y should be able to create an incentive for party X to stop or limit the action creating such harm.
Generally, when transaction cost are low, the two parties are able to bargain and reach a mutual agreement in the presence of an externality such as a pollution.
An externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that affects a third party.
In Economics, an externality could either be positive or negative depending on its effect on a third party.
A negative externality arises when the production or consumption of a finished product or service has negative impact (cost) on a third party.
In conclusion, the Coase theorem is applicable only if there are well defined property rights, the number of people involved is small, and the cost of negotiation is low.
Briefly discuss three objectives of the government
Answers
Government aims to influence distribution of income by imposing taxes on the rich and spending more on the welfare of the poor. It will reduce income of the rich and raise standard of living of the poor, thus reducing inequalities in the distribution of income. 3. Economic Stability:
A consumer wants 400 keychains in 5 days, is it impossible to make 40 keychains per day with two people. The boss and the employee.
"Please help me!"
Answers
Answer:
Make the keychains day by day and give them to the consumer over time.
Explanation:
Also, offer a small discount for the inconvenience.
Tawana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. She provides her son, Jonathon, \( \$ 6,500 \) a year for college expenses. Jonathon works as a pizza delivery pe
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As Tawana owns and operates a sole proprietorship and has a 37 percent marginal tax rate, the portion of the college expenses that she provides her son, Jonathon, can be treated as a deductible expense.
Treatment of college expenses as a deductible expense: As per the Internal Revenue Service (IRS), employers may exclude from an employee's gross income the first $5,250 each year that they provide their employees under a qualified educational assistance plan. Additionally, employers who make these payments are generally allowed to deduct them as business expenses on their tax returns.
For the purpose of the education assistance plan, the child of a sole proprietor is treated as an employee. Therefore, Tawana can set up a qualified educational assistance plan and provide Jonathon up to $5,250 in tax-free benefits for his college expenses. Furthermore, Jonathon's earnings from pizza delivery will not affect Tawana's tax rate.To summarize, Tawana can treat college expenses that she provides to her son, Jonathon, as a deductible expense. Additionally, she can set up a qualified educational assistance plan and provide him with up to $5,250 in tax-free benefits per year.
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Will you act immediately on the business opportunity \that you have identified?
Answers
Answer:
Yes because once one has found an opportunity one must seize it.
Explanation:
It is not advisable to act immediately on the business opportunity that is determined.
A business opportunity includes the lease or sale of any specific product, equipment, or service that will help or make it possible for the purchaser-licensee to begin a business. It is important to consider certain other factors before immediately acting on the business opportunity that is determined. They are:
Size of the Market Relationships with potential investors or customers Capability to manage the Cash Flow Persistence and Passion Management skillsThus, we can conclude that one must not act immediately on the business opportunity that is determined before properly analyzing different factors associated with it.
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Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Should Gidgits Galore entice much sought-after employees with generous benefits?
no
yes
Answers
Answer:
Yes
Explanation:
Edge 2021
Answer:
YES edge 2023
Explanation:
What is TRUE about employability skills? A. They are all practical capabilities, like the ability to type. B. They generally stay the same from decade to decade. C. They do not involve human skills or digital fluency. D. They include any abilities you need to succeed at work.
Answers
The correct statement about employability skills is D) They include any abilities you need to succeed at work.
Employability skills are the skills, knowledge, and personal attributes that are essential for success in the workplace. They are the abilities that make a person employable and valuable to an employer. Here are some important points to understand about employability skills:
1. They are practical capabilities: Employability skills encompass a wide range of practical capabilities that are necessary to perform tasks and responsibilities in the workplace.
These skills include technical skills, such as the ability to type, but they also go beyond that.
2. They are not static: Employability skills can change and evolve over time due to advancements in technology, changes in industry demands, and evolving work environments.
Therefore, it is important for individuals to continuously develop and update their employability skills to stay relevant in the job market.
3. They involve human skills and digital fluency: Employability skills encompass both human skills, also known as soft skills, and digital fluency.
Soft skills include communication, teamwork, problem-solving, adaptability, and critical thinking. Digital fluency refers to the ability to effectively use technology and navigate digital platforms.
4. They are essential for success at work: Employability skills are crucial for succeeding in the workplace.
Employers look for candidates who possess these skills as they contribute to productivity, teamwork, and overall job performance.
Examples of employability skills include leadership, time management, customer service, and decision-making.
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If the price of output is $2.00 and there are no fixed costs, what is the profit-maximizing level of output?
Answers
The profit maximizing level of output is $9.
When marginal revenue and marginal cost are equal, profits are maximized.
What is the profit-maximizing level of output?Since this business competes in a market, price equals marginal revenue, hence the number of units produced that maximizes profits is 6.The pricing ($2) at 6 units of output is higher than the average variable cost ($1.50), but lower than the average total cost ($3.00), therefore the company will continue to operate at a loss in the short term. The company will continue to produce since the loss from doing so [($2X6) - ($3 X 6) = $6] is smaller than the loss it would suffer if it stopped producing
(AFC = ATC AVC = $3.00 X $1.50 = $1.50; TFC = AFC X Q = $1.50 X 6 =
The profit maximizing level of output is $9.
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Good evening! Did you eat today? Did you drink water today? Did you get outside for some fresh air or even anytime to chill? Did you make sure you are healthy? If you answer no to any of these questions.. please get some to food, water, fresh air or even time to chill. Please take care of yourself! Bye! :)
Answers
Answer:
I ate an egg sandwich. I drank some water. I went outside for a short walk.
Explanation:
Thanks for asking :)
A federal covered investment adviser employs the services of a third-party promoter to solicit business for the firm. The Investment Advisers Act of 1940 would require the solicitor to deliver A) a copy of the investment adviser's brochure B) a copy of the solicitor's brochure C) a copy of the investment adviser's Form ADV Part 1 D) a copy of the solicitor's script
Answers
The Investment Advisers Act of 1940 would require the solicitor to deliver a copy of the investment adviser's brochure and a copy of the investment adviser's Form ADV Part 1. Therefore, the correct option is A and C.
The Investment Advisers Act of 1940:As per the Investment Advisers Act of 1940, if a federal covered investment adviser employs the services of a third-party promoter to solicit business for the firm, the solicitor would be required to deliver a copy of the investment adviser's brochure and a copy of the investment adviser's Form ADV Part 1 to the potential clients.
The solicitor's brochure or script is not required to be delivered to the clients. Therefore, the correct option is A and C.
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The following are sentences used as openers in application letters. Tell whether
they are effective of not. Revise those which you think are not effective. I, Jelaika Jade Locsin Montesa, a fresh graduate of the University of Santo Tomas
wish to inform vou of my great desire to be part of vour prestigious company
Answers
The opener sentence, "I, Jelaika Jade Locsin Montesa, a fresh graduate of the University of Santo Tomas wish to inform you of my great desire to be part of your prestigious company," is not effective and can be revised for improved clarity and professionalism.
The provided opener sentence is not effective as it lacks clarity and professionalism. It is important to create a strong first impression in an application letter, and a concise and well-crafted opener sentence can help achieve that. Instead of starting with personal information and expressing desire, a more effective opener could focus on highlighting relevant qualifications, experiences, or skills that make the applicant suitable for the position or company.
It is also advisable to address the reader or employer directly with a professional tone. A revised version of the opener sentence could be, "As a recent graduate from the University of Santo Tomas with a strong interest in your prestigious company, I am eager to contribute my skills and dedication to your team." This revision highlights the applicant's qualifications and enthusiasm in a more concise and professional manner.
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How do individuals & business benefit from
economic freedom?
Answers
Answer:
The benefit are
1. free markets,
2. rule of law,
3. protection of private property,
and
4. open trade—
that boost prosperity and reduce costs
Explanation:
Please mark me as brainlist answer
45% of americans have less than 1000 saved for a
Answers
Answer: Emergency Fund
Explanation: According to recent data from GO Banking Rates, 69% of Americans have savings, worth less than $1,000. That indicates that they are certainly very far away from having a fully funded emergency fund and that they are taking a very huge financial risk. Even worse, 45% of Americans claim to have no savings. That’s true. Not even a single dollar was saved up in a bank account.
Kim-Su found an apartment that she wants to rent. The rent is $715 per month and there is a security deposit of $465. To move in, Kim-Su must have first month's rent, last month's rent and the security deposit. How much does Kim-Su need to move in? a. $1180 b. $1,645 c. $1,895 d. $2,360.
Answers
Given the information provided above, including the monthly rent and security deposit, Kim-Su is needed to pay the first month's rent, the last month's rent, and the security deposit.
Option c is the amount required money to move for Kim-Su.
Given:Rent per Month = $715
Security Deposit = $465
The computation:\(715 + 715 + $465 = $1,895.\)
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Answer:
C
Explanation:
what are two resources within you that are important when choosing a career you would like
Answers
Answer:
Your happiness
education and training
social environment
Explanation:
Which of the following would most likely negatively affect a person's net worth?
A. A $25,000 salary
B. A $500 savings bond
C. A $500,000 mortgage
D. A $5,000 money market account
Answers
Answer: c
Explanation:
$500,000 mortgage would most likely negatively affect a person's net worth. Thus, option (c) a $500,000 mortgage is correct.
What is net worth?
Totally unrelated to income is what is meant by the phrase "net worth." Liabilities are subtracted from assets to arrive at the person's own net worth. The wealthy possess possessions including real estate, investments, jewels, memorabilia, cars, and so on. A period of emergencies is covered by the net worth.
A person's personal net worth is significantly impacted by a $500,000 mortgage. The amount of money saved by the individual who wants to spend it is their net worth. The net worth mostly consists of investments and personal savings. Money accumulates to form the net worth.
The mortgages are highly impact on net worth. The net worth are personal liabilities minus to personal asset.
Therefore, option (c) a $500,000 mortgage is correct.
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