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Norma-Jean [14]
2 years ago
11

If the government increases the excise tax on a gallon of gasoline we can expect the supply curve to shift rightward, quantity d

emanded to fall, and price to rise.
Business
1 answer:
Bess [88]2 years ago
6 0

If the government raises the excise tax of the product then supply curve tends to shift leftwards. Therefore, The above statement is false.

<h3>What is Supply Curve?</h3>

The supply curve refers to the graphical representation of the supply and the prices of the commodity. It tells how the supply of the commodity affects the prices of the product.

The complete question is attached below.

According to the above situation, when government increases the taxes of the gallon of gasoline then the supply curve will shift leftwards as the supply decreases.

It will lead to the increment in the level of the prices as the demand of the product will fall. Therefore, the above statement is false.

Learn more about supply curve here:

brainly.com/question/15533680

#SPJ1

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How has the Timberland Company incorporated the four pillars of its corporate social
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Answer:

The four pillars are energy, product, workplace and service.

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Explanation:

The Timberland Company have a tradition of Corporate Social Responsibility, Timberland have always been committed to environment and social sustainability. The four pillars of Timberland Company for Corporate Social Responsibility are Energy, Product, Workplace and Service.

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5 0
3 years ago
Floating rate bonds are most likely to be popular with investors when it is anticipated that:_________.
fiasKO [112]

Answer:

i think d is the correct answer

6 0
3 years ago
When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years) ______.
Ivanshal [37]

When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years 1 only.

An expense is the monetary value of tasks that an organization causes to create income. As the well-known saying goes, "it costs cash to bring in cash.

Normal expenses incorporate installments to providers, worker compensation, manufacturing plant leases, and hardware devaluation.

Organizations are permitted to discount charge deductible costs on their annual government forms to bring down their available pay and hence their assessment obligation.

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4 0
1 year ago
Indicate whether each scenario will affect the GDP deflator or the CPI for the United States. Check all that apply. Scenario Sho
Softa [21]

Answer:

(A) it will affect the GDP Deflator.

(B) it will affect both the GDP deflator and the CPI

Explanation:

(A) The increase in prices of imports increase real GDP and also the GDP deflator as now the US will purchase less of these cars from china and therefore there will be less imports of this car from china, people will prefer buying local inexpensive cars which will in turn increase the GDP even more than before so therefore this scenario only affects the GDP deflator only as the formula for real GDP is the sum of consumption spending, government spending,government saving( investment) and (exports minus imports) so the less imports we get the more real GDP we get in the US economy.

(B) This will affect both GDP deflator and CPI because firstly this will touch on the exports which will increase and bring in more revenue for the US therefore increasing real GDP because the prices of the fishing product has decreased which will cause the US economy to increase. it will also affect the CPI because now prices of this product have fell therefore the CPI is also going to fall probably causing a deflation.

5 0
3 years ago
Question 3 of 10
Varvara68 [4.7K]

Answer:

A. citizens tend to have greater confidence in the economy.

Explanation:

When a nation's standards of financial reporting are transparent and effective, by extension, the citizens tend to have greater confidence in the economy.

This is because when the government are transparent about the financial affairs of the nation, the citizens are confident in the economy

4 0
3 years ago
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