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charle [14.2K]
3 years ago
11

The nature of the tax system means that there is usually a trade-off between _____ and _____ ability to pay equity opportunity c

ost administrative costs wealth efficiency deadweight loss tax rate The _____ principle pushes governments towards a _____ tax system but _____ considerations push them in the other direction. fairness ability-to-pay benefits lump-sum progressive regressive structured proportional tax rate efficiency equity wealth Incorrect. Governments must maximize resources without distorting incentives. A(n) _____ tax, promotes economic efficiency as it does not _____ ability-to-pay lump-sum benefits structured have a deadweight loss distort incentives incur administrative costs
Business
1 answer:
Annette [7]3 years ago
3 0

<u>Answer:</u> The nature of the tax system means that there is usually a trade-off between Equity and Efficiency ability to pay equity opportunity cost .The ability to pay principle pushes governments towards a progressive tax system but equity considerations push them in the other direction . A(n) ability to pay tax, promotes economic efficiency as it does not distort ability-to-pay lump-sum benefits.

<u>Explanation:</u>

Tax equity is the tax codes and tax efficiency is the fair tax payments.In progressive tax system the high income group pays higher taxes. Through this method the inequality in the society can be reduced. This results in economic growth and reduces unemployment and increases the purchasing power of the poor people.

According to the principle the government follows a progressive tax system but with tax equity the people use tax codes to not pay certain taxes. This tax equity pushes it in the other direction.

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A shift in the demand curve for pretzels increases the price of pretzels from $1.25 to $1.75 and its quantity demanded from 30 m
Sever21 [200]
Initial price, P₀ = $1.25
Initial demand, Q₀ = 30 million

New price, P₁ = $1.75
New demand, Q₁ = 35 million

By definition, price elasticity is
\eta = \frac{(Q_{1}-Q_{0})/(Q_{1}+Q_{0})}{(P_{1}-P_{0})/(P_{1}+P_{0})}
η = (5/65)/(0.5/3)
   = 0.4615

Answer: η = 0.46 (nearest hundredth)

This means that greater demand makes it possible to increase the price. Usually, this is not the case because lowering the price increases sales.

6 0
3 years ago
Why do we practice making associations with simple and mundane problems and resources? Select all that apply.
Artyom0805 [142]

Answer:

E.  They are problems and resources that most people have experience with or can relate to.

Explanation:

  • Such problems and resources are most commonly found in day to day lives. People can easily relate to them as they are simple and common in the workplace.
  • They are associated with the resources of particular problems. This making them a subject of practice it becomes easy to use them for teaching and other purposes. Such as enlightenment and giving advice.
4 0
2 years ago
Which of the following is true? A nation can have a comparative advantage in the production of a good only if it also has an abs
Kamila [148]

Answer: <u><em>A nation cannot have a comparative advantage in the production of every good.</em></u>

The principle of comparative advantage states that under free commerce, an representative will produce more of and consume less of a commodity for which they have a comparative advantage. Comparative advantage is the economic experience depicting the work increase from trade for individuals or nations, which originate from differences in their factor endowments or technological progress.  

7 0
3 years ago
John is an older, retired Japanese American. He has a strong identification with his Japanese culture, still speaks primarily Ja
Svet_ta [14]

Answer:

(A) Traditionalist

Explanation:

Traditionalist -

It describes that a person who believes that the old ways are the best one ,

Traditionalist are the person who believe in writing letters rather than sending emails .

The person who still feel the old and traditional methods are the best .

Similarly from the data of the question , the correct answer is (A) Traditionalist .

7 0
3 years ago
A collateralized mortgage obligation pays a 2% coupon rate on the first tranche plus any prepayments until its $50 million par v
Sloan [31]

Answer:

The correct answer is b) The first tranche has the highest prepayment risk.

Explanation:

A collateralized mortgage obligation (CMO) is a type of security backed by mortgage. It is comprised of a pool of mortgages that are bundled together and sold as an investment. Prepayment risk is the risk of loss of interest income due to early repayment of the principal by the borrower.

In the given situation, there are three tranches. The first tranche has the highest prepayment risk because it is receiving principal at the earliest. Hence, there is more of a chance of this principal being returned early and the CMO holder losing out on potential interest. Therefore, the prepayment risk of the first tranche is the highest among all three tranches.

4 0
3 years ago
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