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Serhud [2]
2 years ago
15

An amendment to the texas constitution requires a balanced budget. This means that _____.

Business
1 answer:
marissa [1.9K]2 years ago
4 0

Any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

<h3>What does Texas Constitution require a balanced budget?</h3>
  • Texas always keeps its budget balanced because the State Constitution demands it. The Texas state and local sales taxes exceed 10% of the individual transaction price. The primary operating fund for Texas is the General Revenue Dedicated Fund.
  • A constitutional amendment known as the "balanced budget amendment" would restrict government spending to the amount of revenue it receives. Spending would need to be under control by the federal government.

An amendment to the texas constitution requires a balanced budget. This means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

According to a balanced budget, a government should not spend more than its income. Thus projected incomes and expenditures should be equal.

To learn more about balanced constitutional budget amendment, refer to:

brainly.com/question/8873582

#SPJ9

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Every year, General Mills issues a report discussing how the firm has performed against its own standards of conscious marketing
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Answer:

The correct answer is letter "D": control.

Explanation:

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Encouraging users to click a like button is an example of which step in the social marketing process? fan acquisition brand stre
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3 years ago
In response to a change in the price of good X from $10 to $6, the quantity demanded of good X increases from 100 to 150 units.
andreev551 [17]

Answer:

- 0.80

Explanation:

Price elasticity of demand describes the extent to which the quantity demanded of good X changes as result of a change in its own price.

The midpoint formula for price elasticity of demand is presented and used as follows:

Percentage change in quantity = %ΔQ = [Q2 - Q1] / [(Q2 + Q1) ÷ 2] × 100

Percentage change in quantity = %ΔP = [P2 - P1] / [(P2 + P1) ÷ 2] × 100

Midpoint price elasticity of demand = %ΔQ / %ΔP

Where:

Q2 = New quantity of good X = 150

Q1 = Initial quantity of good X = 100

P2 = New price of good X = $6

P1 = Initial price of good X = $10

Therefore,

Percentage change in quantity = %ΔQ = [150 - 100] / [(150 + 100) ÷ 2] × 100

                                                                = [50/(250 ÷ 2)] × 100

                                                                 = (50/125) × 100

                                                                 = 40.00%

Percentage change in quantity = %ΔP = [$6 - $10] / [($6 + $10) ÷ 2] × 100

                                                                = [-$4/($16 ÷ $2)] × 100

                                                                 = (-$4/$8) × 100

                                                                 = - 50.00%

Price elasticity of demand = 40% / 50% = - 0.80

The elasticity of demand of -0.80 less than 1. That indicate that the quantity demand is inelastic. That is the change in the degree of change in the quantity demanded of good X is lower than the degree of change in its price.

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3 years ago
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3 years ago
Because consumers are generally more sensitive to price increases than to price decreases, it is easier to lose current customer
Illusion [34]

Answer:

True

Explanation:

When the price increases, more people will be unwilling to buy the product. However, simply lowering the price will not necessarily gain a large number of new customers.

7 0
3 years ago
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