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8090 [49]
3 years ago
9

Which of these is an example of a tax on consumption?

Business
2 answers:
Zielflug [23.3K]3 years ago
5 0
Tax on consumption is a tax on the using of goods or services. Sales tax is an example of tax on consumption. If you go to the store and buy clothes, the tax calculated from that is because you bought the items. If you went and got a haircut and they charge tax, you are paying the tax on consumption of the haircut service you received. 
vlabodo [156]3 years ago
5 0

Cigarette tax (APEX Class ;)

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Which statement accurately describes the effect of the federal government rapidly reducing government expenditures?
olganol [36]
The statement which accurately describes the effect of the federal government rapidly reducing government expenditures is D.Unemployment rates will increase because federal spending makes up a large part of the economy. Since the goverment keeps up money for particular economic expenses, it means that the salaries will be decreased and the level of firing people wold decrease. Therefore, companies will not be able to offer a escent salary to their new empoyees which means that unemployment rate will grow.
4 0
3 years ago
Alexandria has gone to the store to shop for a new backpack. She looks for the same brand she has always bought in the past but
Sergio [31]

Answer:

The correct answer is aesthetic.

Explanation:

The aesthetics in the design of products refers to the response or reaction of people with an object, artifact or system, this response is manifested through the senses: vision, touch, hearing, taste and smell. Each one contributes to the perception of the product considering whether it is pleasant, pleasant, or if it evokes attraction in the person.

In this case, Alexandria has noticed a change in the design, which may affect your purchase decision, because you may have preferences towards a specific color.

4 0
3 years ago
Is bussines studies hard? ​
alexdok [17]

Answer:

No

Explanation:

I took it last year

6 0
3 years ago
Read 2 more answers
For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Peacock is c
Elden [556K]

<u>Solution and Explanation:</u>

For every one of the accompanying situations, start by expecting that all interest factors are set to their unique qualities and Peacock is charging $300 per room every night.  

1) If the normal family unit pays increments by 20%, from $50,000 to $60,000 every year, the amount of rooms requested at the Peacock ascends from 200 rooms every night to 250 rooms every night. Accordingly, the pay flexibility of interest is certain, implying that lodgings at the Peacock are ordinary products.  

<u>Explanation:</u> Income elasticity of demand = 25% divide by 20% = 1.3

At the point when raise in salary prompts an expansion in the amount requested (or a fall in pay prompts a fall in the amount requested), the great is known as an ordinary decent.  

2) In the event that the cost of an aircraft ticket from JFK to LAS was to increment by 10%, from $200 to $220 roundtrip, while all other interest factors stay at their underlying qualities, the amount of rooms requested at the Peacock tumbles from 200 rooms for every night to 150 rooms for each night. Since the cross-value versatility of interest is negative, lodgings at the Peacock and aircraft trips among JFK and LAS are supplements.

<u>Explanation:</u> Cross elasticity of demand = -25% divide by 10% = -2.5

Two merchandise ordered supplements when a raise the cost of one great abatement the amount requested of the other or when a fall in the cost of one great expands the amount requested of the other.  

3) Peacock is discussing diminishing the cost of its rooms to $275 every night. Under the underlying interest conditions, you can see this would make its all-out income increment. Diminishing the cost will consistently have this impact on income when Peacock is working on the flexible part of its interest bend.  

<u>Explanation:</u> Total revenue = $300 per room per night multiply with 200 rooms = $60,000 per night

By bringing down its cost to $275, Triple Sevens can occupy 225 rooms. In such situation, all-out income is $275 per room every night multiply 225 rooms = $61,875 every night  

At the point when the request is versatile, the rate change in cost is littler than the rate change in an amount as the purchasers are exceptionally delicate to changes in cost.

8 0
3 years ago
Whenever the production of a good creates negative externalities, an unregulated market will result in:
sp2606 [1]

Answer:

Option (C) is correct.

Explanation:

In an unregulated market, negative externality results in a higher social marginal cost than the firm marginal cost because this market is not properly regulated by the government officials. Hence, these firms are not taking into account the effect of negative externalities in their cost.

We know that the consumer's decision is more offenly based on the point where the marginal cost is equal to the marginal benefit because they are not taking the impact of negative externalities.

If proper action is not taken by the government, negative externality will result in a market inefficiencies.

6 0
3 years ago
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