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1 year ago

Theoretically high taxes slow the economy because

1 answer:

4 0

High taxes in theory would slow the economy because they redirect money from the private sector to the government and reduce consumption.

<h3>How do high taxes slow the economy?</h3>

The economy grows when the private sector produces more and grows. High taxes will take money from this sector which would leave less cash for growth investment.

High taxes also reduce the amount that people have for consumption which would reduce Aggregate demand.

Find out more on Aggregate Demand at brainly.com/question/1490249.

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The Constitution expressly grants which of the following powers to Congress? a. to receive ambassadors b. to appoint judges c. t

lbvjy [14]

Answer:

d. to regulate interstate commerce

Explanation:

The United States Constitution has the commerce clause in Article 1 Section 8 which allows the Congress to control the commerce with other nations and among the states.

According to this clause, the Congress can regulate the commerce that takes place between states and because of that, the answer is that the Constitution expressly grants the power to regulate interstate commerce to Congress.

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3 years ago

What are THREE purposes of monetary policy? A to eliminate competition B. to promote price stability c. to eliminate unemploymen

Oksanka [162]

Answer:

c. to eliminate unemployment,B. to promote price stability and F. to control federal spending

Explanation:

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3 years ago

How could government – sponsored grants for the private development of new technologies result in a lower national debt?

Svet_ta [14]

Answer: Making initial development private saves the government from funding all of the research.

Explanation:

A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.

Government award grants for the development of technologies, community projects, home insulation etc.

With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.

6 0

2 years ago

New smoke wants to market its cigarettes to young adults, so it decides to create an ad using an attractive celebrity couple. by

Arada [10]

The company is using the peripheral route

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3 years ago

Evelyn invests $5,000 in a savings account that pays interest at a rate of 6.7% compounded annually. If she withdraws half the i

My name is Ann [436]

Answer:

$371

Explanation:

The computation of additional interest during the fourth year is shown below:

but before that we need to do the following calculations

Amount = Principal × (1 + (rate of interest ÷ (1 × 100)))^(1 × number of years)

A = $5,000 × (1 + (6.7% ÷ (1 × 100)))^(1 × 3)

= $5,000 × (1 + (6.7 ÷ 100))^(1 × 3)

= $5,000 × (1 + 0.067)^3

= $5,000 × (1.067)^3

= 5000 × 1.214

= $6,070

Now, Interest gained after 3 years on the amount of Principal is

= $6,070 - $5,000

= $1,070

Here Evelyn issued interest which is half that is earned at the end of the 3rd year

Sp,

Half of the interest gained will be

= $1,070 ÷ 2

= $535

Now,

The new Principal amount for 4th year is

= $6,070 - $535

= $5,535

So, the final amount in the fourth year is

A = P × (1 + (r ÷ n))^(nt)

= $5,535 × (1 + 0.067 ÷ 1 ]^(1 × 1)

= $5,535 × 1.067

= $5.905.845

Hence the additional interest in the fourth year is

= $5,905.845 - $5,535

= $370.845

= $371

Therefore for computing the additional interest during the fourth year we simply applied the above formula.

8 0

3 years ago