The correct answer is D.
The Laffer Curve represents the relationship between the tax rate and the total tax revenues collected by the economic authorities. It illustrates the incidence of the taxable income elasticity, the sensitiveness of the income earned by the economic agents on which the tax is applied, to variations in the tax rate.
<em>A laffer curve is represented in the graph attached.</em> Tax collection is 0 for 0% and 100% rates. Between these two values, the function will have an increasing section, a maximum and a decreasing section. Its maximum consitutes the tax rate that maximizes the total tax collection.
<u>Answer:
</u>
The way the United States government interacts with the world affects people across the globe by making their lives simpler through various foreign aids and dispensing of different services from time to time.
<u>Explanation:
</u>
- The United States has relentlessly been helping the poor and destitute governments of number of nations across the globe to fight the crises prevalent in their countries.
- This help has been in the form of financial aids and also through dispensing different services by deploying manual forces in the respective regions.
- For example, the United States government had helped the Republic of Congo to fight the outbreak of Ebola by offering expert medical assistance and also by providing financial aid.
Answer:
b. mass consumption
Explanation:
there are five stages of economic growth and development, mass consumption is the last stage in which income of citizen of the country is rising at a high level, in this final stage major portion on population is earning enough money and shift their consumption pattern from basic needs like clothing food to other luxury goods. People prefer a high style of living so the industry of durable and luxurious commodities expand. People mostly working in the service sector instead of the agriculture and industrial sectors.
Answer: B. Emotion-driven
Explanation: I would think in-order to understand the pain of someone or something else you would have to use a little emotion and empathy. Tell me how you do.
