1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mariana [72]
2 years ago
13

During the recession of 2007−2009, the u.s. federal government's tax collections fell from about $2.6 trillion down to about $2.

1 trillion while gdp declined by about 4 percent. does the u.s. tax system appear to have built-in stabilizers?
Business
1 answer:
STALIN [3.7K]2 years ago
6 0
Yes. The U.S. tax system has a built-in stabilizers.

These built-in stabilizers are called automatic stabilizers. Automatic stabilizers are defined as the features of tax and transfer system that lends stability of the economy without direct intervention from the policy makers.

These stabilizers tempers the economy when it overheats and provides economic stimulus when it slumps. 

When:                           Automatic Stabilizers:
Incomes are high          <span>tax liabilities rise and eligibility for government benefits falls
Incomes are low            </span><span>tax liabilities drop and more families become eligible for government                                         transfer programs (food stamps, unemployment insurance)</span>
You might be interested in
The epa is planning to stiffen the requirements for cleaning pollutants from the stacks of? coal-fired electricity generating? p
IgorLugansk [536]
<span>With respect to organizational change, this would also represent a change in the type of waste machines that are used in the Industry. Since the EPA is targeting a 30% reduction of waste generated by coal-fired powerplants, the manufacturing industries are now required to adapt the new method that is  establish to minimize carbon footprint.</span>
8 0
3 years ago
Imagine you own a food truck that sells gourmet vegan tacos. You rely on many suppliers, all of which also supply their goods to
ladessa [460]

Answer:

A

Explanation:

Because there are plenty of suppliers for some goods, the food truck owner is more powerful in this case than the suppliers. Here the power of suppliers is low

For the other goods with only a single supplier. the supplier has more powerful than the taco seller. here the power of supplier is high. If the supplier increases price, the taco seller would most likely have an inelastic demand and would be at the mercy of the supplier

thus, the  power of suppliers is relatively high for some items and relatively low for others.

8 0
2 years ago
Consumer protection laws are meant to:
Talja [164]
I think it's B, to prevent unfair or deceptive business practices. I'm might be wrong though, so you may wanna just check with someone else. Hope this helps
8 0
3 years ago
Read 2 more answers
A construction company entered into a fixed-price contract to build an office building for $28 million. Construction costs incur
Radda [10]

Answer:

$3.2 million

Explanation:

The revenue and gross profit or loss which the company identify in the first and second year if it recognizes revenue upon contract completion is calculated below.

Total costs = Incurred costs + estimated costs to complete = $8 million + $12 million = $20 million

Revenue to recognize = $8m/$20m*$28m = $11.2 million

Gross Profit = Revenue recognized less costs incurred

= $11.2m - $8m = $3.2 million

4 0
3 years ago
"The nature and purpose of the public sector result in a unique organizational characteristics". Discuss
alex41 [277]

The correct answer to this open question is the following.

Although the question is incomplete because it does not provide the location, country, or any other further reference, we can say the following.

The nature and purpose of the public sector result in unique organizational characteristics, basically in the formation of bureaucracies that are a form of governmental and administrative organizations with many employees and hierarchies that more that improve management and operations, complicate it and make it slow due to the fact that the number of people working is numerous.

Experts say that this is not the more efficient and effective form of managing governmental offices. On the contrary, it is slow and inefficient.

3 0
3 years ago
Other questions:
  • Explain why it is important to study your industry before developing<br> a business concept.
    14·1 answer
  • A computerized spreadsheet programs is useful for
    12·1 answer
  • In a conversation between two parties, a statement like, "What I'm hearing you say . . ." is an example of:
    11·1 answer
  • Sam's business will cost $49,500 to set up and run for the first year. Sam then expects an annual operational expense total of $
    6·1 answer
  • Which of the following statements is true of an​ activity-based costing​ system?
    15·1 answer
  • 34s left The National Income Accounts Unanswered GNP equals GDP A. minus net receipts of factor income from the rest of the worl
    5·1 answer
  • Is your place of work a business or a non profit organization ?
    13·1 answer
  • Chestelle Corporation, a sports equipment manufacturing company, borrows a considerable sum of money as loan from GRJ Bank, a pr
    13·2 answers
  • What is the primary purpose of insurance? A) To pay for your mistakes B) To take money away from you C) To protect you against a
    15·2 answers
  • What is human rights​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!