The answer is A) Raising taxes
The Constitution of 1789 gives the Federal Government authority to raise and levy taxes in all of the States in America.
It comes under the General Welfare Clause and gives complete authority to impose and collect taxes.
It prohibits separate State taxation IF it hinders inter State and International trading. It also prohibits each State from setting up independent import and export duties without the approval of the Federal Government, that is, the Congress.
It requires all tax revenue bills to originate solely from the House of Representatives.
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<h2>Let us understand the definition to shoot the question for better understanding.</h2>
Explanation:
Sole Proprietorship:
- Owned by single person
- One person responsible for liable and business
- Simple to form
- Nominal cost
Corporations:
- Legal entities
- Shared by shareholders
- More complex type
- Used for large business
Partnership:
- Shared by two or more people
- Types :general partnerships, limited partnerships, joint ventures
Questions: (reason not required as you can self-understand)
- Are you going to own by oneself or shared?
- Can you manage if you own with oneself?
- What is your budget?
- Do you want to make simple legal procedures?
- Which type of partnership you prefer?
- Do you now the "pros and cons" of each one?
Answer:
Price gouging is charging unnecessarily high prices for goods if they are in high demand in market. From a sellers perspective its profitable because he/she is able to get more profits on a good and because the goods have a high demand the goods will eventually be sold even on a high price.
From a consumers perspective if the good is a basic need and the consumer is paying high price for it, this can be frustrating but the consumer will have to buy it. If the commodity is not a basic need then the consumer can just stop buying that good and can substitute any other good.
Explanation:
Price gouging is charging unnecessarily high prices for goods if they are in high demand in market. From a sellers perspective its profitable because he/she is able to get more profits on a good and because the goods have a high demand the goods will eventually be sold even on a high price.
From a consumers perspective if the good is a basic need and the consumer is paying high price for it, this can be frustrating but the consumer will have to buy it. If the commodity is not a basic need then the consumer can just stop buying that good and can substitute any other good.
Answer:
Advertising a similar property can and does create interest in their property
Explanation:
In real estate agents need to effectively market properties in order to sell to consumers.
One way of doing this is by creating awareness in a given market about a particular property type.
When interest in a type of property is created it generates interest that will lead to more sales.
In the given scenario when Tom meets with his sellers to explain his advertising plan, he should make sure the owners understand that to capture a market they need to advertise even products that are similar.
As interest grows it will create a demand for that type of property
