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Vlada [557]
2 years ago
8

How has the timing of the transition to a free-market economy been used to partially explain the great difference in inequality

and poverty between the united states and other advanced democracies?
Business
1 answer:
Lilit [14]2 years ago
5 0

Inequality of wealth is a pressing issue right now, both in the US and abroad.

Political scientists should participate in the discussion about wealth inequality, which is a hot topic right now. There is scant proof that democracy and wealth disparity are always related. Although democracy offers numerous benefits, nations do not always move toward greater economic equality as a result.

This isn't because public policy doesn't matter; rather, it's because democracies don't always enact measures that equalize wealth. It is less likely that societies where there are cleavages other than money will embrace wealth-equalizing policies. The impact of democratic politics on wealth is also substantially influenced by voters' perceptions of justice.

Because wealth is not only unequal but also due to this position arose for what voters believe to be unfair causes, voters are most inclined to back redistribution or programs that promote equal chances. Finally, it's also conceivable that wealthy individuals could seize control of democratic politics. Examining when, why, and why this problem of capturing is much more acute in practice is an essential area for future research.

Learn more about inequality here:

brainly.com/question/24143597

#SPJ4

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Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to journalize the payment of the unemployment
alisha [4.7K]

Answer:

State unemployment tax payable A/c Dr $168

         To Cash A/c $168

(Being state unemployment taxes are paid for cash)

Explanation:

The journal entry to record the payment of the unemployment taxes is shown below:

State unemployment tax payable A/c Dr $168

         To Cash A/c $168

(Being state unemployment taxes are paid for cash)

For recording this transaction, we debited the State unemployment tax payable as it increase the liability and cash account should be credited as it reduce the current assets

7 0
3 years ago
Shelley’s Salsa produces and sells organic salsa. Last year it sold 3 million tubs of salsa at a price of $3 per tub. For last y
Murrr4er [49]

Answer: Option B

Explanation:

A. Explicit cost are the cost paid to others in return of their service. Hence Option A is incorrect.

B. Revenue is the total amount of earnings a company have before deducting for expenses. Hence Option B is correct.

C. Accounting profit means (Revenue - explicit cost) . Hence Option C is incorrect.

D. Economic profit means (Revenue - explicit cost - implicit cost) . Hence Option  D is incorrect.

6 0
3 years ago
Curry Seasonings has a patented technology for finely grinding spices while maintaining flavor. This has allowed the company to
VLD [36.1K]

Answer:

<em>Run a recoverability test and then a fair value test.</em>

Explanation:

Business assets with a loss of value are subject to impairment tests to assess and identify the magnitude of the loss.

<em>Measuring the magnitude of the loss requires two steps:</em>

  • Performing a recoverability check is to decide whether an impairment loss occurred by determining whether the future value of the undiscounted cash flows of the asset is less than the asset's book value. If the cash flow is less than the value of the book, the loss will be assessed.
  • Measure the cost of damage by measuring the difference between the book value and the asset's market value.
4 0
3 years ago
The manager at Vertical Wire Productions reported total sales revenue of $800,000. The variable expenses were $600,000, and ther
Brilliant_brown [7]

Answer:

BEP_{dollars} = 500,000

Explanation:

<u>The first step</u> will be  get the contribtuion margin:

Sales\: Revenue - Variable \:Cost = Contribution \:Margin

800,000 - 6000,000 = 200,000

This is the amount after variables cost used to pay the fixed cost and make a gain.

Second, we calcualte the contribution margin ratio

\frac{Contribution \:Margin}{Sales\: Revenue} = Contribution\: Margin\: Ratio

200,000/800,000 = 0.25

Per dollar of sales 25 cents are available to pay the fixed cost.

Now, we calculate the break even point in dollars

\frac{Fixed\:Cost}{Contribution\: Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{125,000}{.025} = 500,000

5 0
3 years ago
Treasury stock is:
VashaNatasha [74]

Answer:

a. Common stock acquired by the company in the open market & recorded as negative equity

Explanation:

A stock which is buy back from the market at market rate issued by the company. It reduces the total outstanding shares of the company. It is the difference of Number of share issued and Number of share outstanding. Its account is consider as contra equity account. So the correct option is a. Common stock acquired by the company in the open market & recorded as negative equity.

7 0
3 years ago
Read 2 more answers
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