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1 year ago

As a possible approach to eliminating the government budget deficit, increasing taxes for everyone would:_____.

1 answer:

5 0

As a possible approach to eliminating the government budget deficit, increasing taxes for everyone would be a Fiscal deficit Policy. There are two ways they can reduce the deficit: either by raising taxes and/or boosting economic activity to increase revenue or by reducing spending on government-run programs to reduce spending.

<h3>What happens if there is an increase in the budget deficit?</h3>

Theoretically, a rise in the fiscal deficit might stimulate a sluggish economy by increasing consumer spending and investment opportunities by giving people more money. However, long-term deficits may be harmful to stability and economic growth. Over the previous ten years, the United States has regularly had a deficit.

Promoting economic growth is one of the best strategies to lower the budget deficit as a percentage of GDP. The government will generate more tax income without raising taxes if the economy expands. People pay more VAT, businesses pay more corporation tax (a tax on profits), and employees pay more income tax when the economy grows.

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who was a sole practitioner, about representing him before a governmental board. Due to a conflict of interest arising from the

gladu [14]

Answer:

yes

Explanation:

Based on this scenario, it can be said that yes the attorney's actions are proper because the referral fee was reasonable. A standard referral fee percentage could be around 10% for a closed job, starting at around 2-5% for e-mail introductions and even up to 15-20% for referrals where the referrer deals alone with the client. As long as the referral fee is reasonable and the attorney is not taking advantage then his/her actions are proper and ethical.

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4 years ago

What is an economic and non economic activity explain me in short and give one example each

Sonbull [250]

Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.

Explanation:

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4 years ago

Read 2 more answers

It is important for modern firms to build and maintain ______ by conducting ethical and transparent transactions.

r-ruslan [8.4K]

The singular thing which is important for modern firms to build and maintain by conducting ethical and transparent transactions is:

Consumer trust

<h3>What is Consumer Trust?</h3>

This refers to the belief which a customer has in a particular business, usually because of its ethical and transparent practises.

With this in mind, we can see that if modern firms fail to build this consumer trust, then they stand the risk of losing their customer base to their competition.

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3 years ago

one business attracts another business of similar type and together they may make more money than they would have singularly. th

Alexus [3.1K]

This is an example of competition principle of value.

The required details about business principle of value is mentioned in below paragraph.

The term "business" designates an innovative person, group, or organization that engages in commercial activity. They might be business-related, industrial, or something else. Businesses that operate for profit do so in order to make a profit, while those that operate for good will do so.

Competition's guiding principle: According to the competition principle, excessive profits in any industry will result in excessive competition, which will then obliterate profits. Think about a business that debuts in a secure neighborhood.

What benefit does rivalry have?

The cornerstone of a robust American economy is healthy market competition. Fundamental economic theory shows that when businesses compete for customers, it results in cheaper prices, better goods and services, more variety, and more innovation.

Thus, competition is the correct answer.

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8 0

2 years ago

Assume that you purchased a $1,000 perpetual bond (coupon payment is $50) and the interest rate on that bond declined from 5 per

Svetlanka [38]

Answer:

D) all of the above

Explanation:

First find the present value for each alternative using PV of perpetual cashflow formula;

PV = CF / rate

CF = 50

If rate= 5%;

PV = 50/0.05 = $1,000

If rate = 2%;

PV = 50/0.02 = $2,500

With these two calculations, we see that;

-the bond price increased by $1,500

-you could sell this bond at a capital gain, meaning you can sell it a higher price that what you bought it for.

-at an interest rate of 2%, the speculative demand for money would increase

Hence , all these choices are correct!

5 0

3 years ago