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1 year ago

What economic theory would be most likely to make a person oppose taxing imports?

Business

1 answer:

aleksklad [387]1 year ago

5 0

The economic theory most likely to make a person oppose taxing imports is "Laissez-faire"

"Laissez-faire" is an economic theory that opposes the government's involvement in economic affairs.

Imposing a tax on imports can have implications for local businesses.

Thus, this theory gained popularity in the USA in the 18th century opposing the government's intervention in economic affairs.

It's a French phrase that means "Let us do," because people believed that imports and exports should be managed by states and not the central government.

Scholars believed that economies go down when governments start imposing taxes on imports.

If you need to learn more about Laissez-faire, click here:

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Which of the following are miscellaneous taxes?

777dan777 [17]

Answer:

A) Hunting license fees

B) License plate fees

D) Marriage license fees

Explanation:

A miscellaneous tax is any tax levied other than incomes taxes or transfer taxes (e.g. excise taxes including sales and gasoline taxes, real estate transfer taxes, estate taxes, gift taxes). Transfer taxes are paid when the ownership of a property (including goods and services) is transferred from one person to another.

Sales taxes and gasoline taxes are both excise taxes, therefore they fall under the category of transfer taxes.

Inheritance taxes are called estate taxes, which also fall under the category of transfer taxes.

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2 years ago

In the last half of the twentieth century, Britain's Conservative Party sold state-owned enterprises to individual investors in

AlladinOne [14]

Answer:

Privatization

Explanation:

Privatization is a process in which the government sells companies it owns to private investors. This allows the industry to become less regulated as it has less government control which contributes to have a free market which is a system that has little or no control by the government. According to this, the process that Britain was using to create this economy is privatization.

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3 years ago

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tatuchka [14]

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2 years ago

What are some things you can do if you are facing unethical behavior in the workplace?

elena-14-01-66 [18.8K]

Depends what actions are you facing. Sometimes unethical behavior is not illegal. But you can always reported to Human Resources.

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2 years ago

Lenci Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and

Scrat [10]

Solution:

Manufacturing overhead expense volatility will be determined by subtracting the overhead cost of output from the total overhead cost of production according to the adjustable budget.

(Manufacturing overhead cost as per flexible budget) =

(Actual units x Variable manufacturing overhead per unit +Fixed manufacturing overhead )

= (5,050 x $1.30)+ $41,500 = $48,065

Actual manufacturing overhead cost = $47,905

Therefore, Manufacturing overhead spending variance

= $48,065 - $47,905 = $160

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2 years ago