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jarptica [38.1K]
2 years ago
5

8.1. In the article the author confirms that a reduction of the budget deficit is imperative. Briefly discuss the possible metho

ds of achieving this objective which are mentioned by the author as part of his thoughts. (3) 8.2. What is the main conclusion in terms of where to from hereby the author in this article? (3)​
Business
1 answer:
Veseljchak [2.6K]2 years ago
8 0

The method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax.

<h3>What is a budget deficit?</h3>

It should be noted that budget deficit simply means when the expenses is more than the revenue.

In this case, the method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax. This is needed to improve the budget.

Learn more about budget on:

brainly.com/question/6663636

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What factors caused american business to develop into a mixed economic system rather than some other type of economic system?
Ksivusya [100]

The economic system in the USA is rooted in the Laissez-Faire capitalism of Adam Smith. However, the real-world setting in the US is not as Laissez-Faire as Smith would have liked because the government greatly participates as more than umpire and rule maker. The government take part in American Business by way of resource or product markets, interest, and especially taxes which results in making the American business progressed into a mixed economy, showing both elements of capitalism and socialism.

Other factors such as <span>foreign competition, the Great Depression, World Wars I and II, and the increasing age of population have also contributed to the mixed economic system.</span>

3 0
3 years ago
Read 2 more answers
You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until
Wittaler [7]

Answer:

You lose your premium <em>$</em><em>240</em> down the drain.

Explanation:

-$240

Total Loss= 5*(100 x -$0.48)= -$240

Good luck mate! Options are very risky.

7 0
2 years ago
Do all accounts serve the same function? Why or why not?
lara [203]

No<span>, </span>accounts serve<span> the </span>purpose<span> that their owners choose. They do not have the same function.

>>>Accounts are f</span><span>inancial records of an organization that register all financial transactions, and must be kept at its principal office or place of </span>business<span>.
In accounting, it means </span><span>the chronological </span>record<span> of </span>changes<span> in the </span>value<span> of an </span>entity's assets<span>, </span>liabilities<span>, and the </span>owners' equity<span>

In banking,it means c</span>ontinuing financial relationship<span> between a </span>bank<span> and a </span>customer<span>,whereby </span>deposits<span> and </span>debts<span> are </span>held<span> and processed within a </span>framework<span> of </span>established rules<span> and </span>procedures.<span>


<span /></span>
3 0
3 years ago
Read 2 more answers
Kylie wants to work with others to solve problems and make decisions. But, she is also able to assume individual responsibility.
Andreyy89

Answer:

True

Explanation:

This theory believes that an employee desires to be fully involved in the administration of an organization and is therefore committed to the course.

The employee will also want a reciprocated encouragement and motivation from the managers in terms of training opportunities and a safe working environment as they believe that the right support from the managers will boost their performance.

5 0
3 years ago
Read 2 more answers
On January 1, Year 1, Li Company purchased an asset that cost $25,000. The asset had an expected useful life of five years and a
NeX [460]

Answer:

Amount of depreciation expense =$5,250

Explanation:

Under the straight line method the same amount is charged as depreciation expense over the estimated useful life of the asset

Initial depreciation = cost - salvage value /number of years

= (25,000 -5000)/5

= 4000 per year

Accumulated depreciation for 4 years= 4000× 3 = 12,000

Revised depreciation = (25,000 -12,000 - 2500)/2

=$5250 per year

Amount of depreciation expense for year 4 =$5250

8 0
3 years ago
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