All categories

2 years ago

What were the most important factors that led to the midwest becoming known as the rust belt?

1 answer:

5 0

The Rust Belt became an industrial hub due to its proximity to the Great Lakes, canals, and rivers, which allowed companies to access raw materials and ship out finished products. These were the most important factors.

You might be interested in

Assume a single taxpayer is taxed at 10% on the first $9,275 of taxable income, 15% on the next $28,375 of income, and at 25% fo

Ksenya-84 [330]

Answer:

14.93%

Explanation:

Given:

For taxable income $9,275, tax rate = 10%

For taxable income $28,375, tax rate = 15%

For taxable income $53,500, tax rate = 25%

Now,

Tax on income = tax rate × taxable income

thus,

Total Tax on first $9,275 = $9,275 × 10% = $927.5

and,

Total tax on next $28,375 = $28,375 × 15% = $4,256.25

Therefore, the total income that has been taxed till the $9,275 + $28,375

= $37,650.

and, the amount left to be taxed = $42,000 - $37,650 = $4,350

Thus,

Tax on remaining $4,350 = $4,350 × 25% = $1,087.5

Total tax = $927.5 + $4,350 + $1,087.5 = $6,365

Therefore,

The average tax rate = $\frac{\textup{Total tax}}{\textup{Taxable income}}\times100$

The average tax rate = $\frac{6,365}{42,000}\times100$

Average tax = 14.93%

6 0

3 years ago

According to the law of demand, what is the relationship between price and quantity demanded?

Sindrei [870]

Answer:

According to the law of demand, there is a negative or an inverse relationship between the price of the good and the quantity demanded of that good. This means that an increase in the price of a commodity will lead to decrease the quantity demanded for this commodity and a fall in the price of a commodity will lead to an increase in the quantity demanded for this commodity.

3 0

3 years ago

For the fed there must be a _____________ between maintaining banking stability for the nation and allowing individual banks to

bekas [8.4K]

The Fed must establish a balance between maintaining national banking stability and enabling individual banks to make a profit.

<h3>What is Federal Reserve System?</h3>

The central banking system of the United States of America is the Federal Reserve System, generally referred to as the Federal Reserve or just the Fed. The Federal Reserve System is composed of several levels. The Federal Reserve Board, which is comprised of governors selected by the president, oversees it (FRB). Twelve regional Federal Reserve Banks, dispersed across the country's cities, control and supervise independently held commercial banks. Commercial banks with national charters are required to own stock in the local Federal Reserve Bank and have some board member elections.

To know more about Federal Reserve System, visit:

brainly.com/question/3603615

#SPJ4

7 0

1 year ago

Operation X feeds into Operation Y. X has an effective capacity of 55 units per hour. Operation Y has effective capstracity of 5

finlep [7]

Answer:

A) Overcoming

Explanation:

In this production process the fact that operation Y can only process 50 units per hour while the preceding operation (X) can process 55 units per hour will result in a queue and a capacity constraint.

If operation Y's effective capacity is increased to match operation X's, then the constraint has been overcome.

7 0

3 years ago

In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become mor

Morgarella [4.7K]

<span>In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become more strategic and able to deliver a competitive advantage, cios now report directly to the ____.</span><span>

CFO; CEO</span>

3 0

2 years ago