Option 4: Sales Tax
A sales tax is a form of a flat tax, it levies the same income rate on all taxpayers.
Answer:5 1 2 8 9 6 10 13 4 7 3 11
Explanation:
The statement is true. In the case Feiner v. New York, Chief
Justice Fred Vinson discussed in his opinion that the Court has used the “clear
and present danger” principle. The chief justice believes that the arrest of
Feiner was necessary in order to protect “the interest of the community in
maintaining peace and order on its streets”.
Answer:
International trade theory
Explanation:
International Trade Theory has emerged to understand and explain the mechanisms that lead nations to specialize and market goods and services. To this end, the theory explains the concepts of domestic demand, international rivalry, and the endowment of factors of production (capital, labor, and natural resources) that each country has to suggest that all countries can benefit through international trade if each country specialize in where it has a comparative production advantage.
Comparative advantage is an economic concept that aims to explain differences in production and trade between two different countries or nations, based on the same product. The idea is to analyze which stakeholder has the lowest opportunity cost of the same good. Opportunity is a concept associated with productive efficiency, which aims to measure how much a country fails to earn in other activities when deciding a given good. Thus, the country with the lowest opportunity cost will have higher productive efficiency and consequently will have the comparative advantage in the production of the good. Thus, this country will specialize in the production of this good and other countries will produce other goods for which their respective opportunity costs are lower. Then countries trade products in international trade and everyone wins.
Text <span>slides often take the form of bulleted lists of words or phrases that are relevant to the presenter's topic.</span>
