When a tax is levied on sellers of tea,a.the well-being of both sellers and buyers of tea is unaffected.b.sellers of tea are mad
e worse off, and the well-being of buyers is unaffected.c.sellers of tea are made worse off, and buyers of tea are made better off.d.both sellers and buyers of tea are made worse off.
a.the well-being of both sellers and buyers of tea is unaffected
Explanation:
The service tax that is levied n the sellers and the buyers of the tea or coffee, suggests that the tax is an essential component of the economy as the govt introduces the monetary and fiscal terms of credit into the market they tend to create a base for the economic growth and prosperity of the nation in which the citizens have an equal role to play.
The tax rate on the tea will burden the buyer but in the long run, it will be beneficial to the trader and the community at large, hence this type of fines ae take other developmental purposes. As both the parties have to pay the taxes so it does not hold for any one side.
The richest quintile has the ability to save a larger percentage of its income.
Individuals experiencing temporary fluctuations in their incomes are more likely to maintain moderate spending habits.
Explanation:
First part of this question reads:
In the United States, the richest quintile of the population receives 13 times as much income as the poorest quintile. However, the richest quintile only spends 4 times as much as the poorest quintile.
The richest quantile can afford to save more than the poorest quantile because they get enough income to manage their daily needs and then save. The poorest quantile on the other hand face a daily struggle and so have to spend all or most of their income to survive.
When the richer quantile goes through temporary fluctuations, they maintain moderate spending because they know it is temporary and so they keep saving. This is not the case for the poorer quantiles who have to spend according to their income - regardless of its fluctuating - to survive.
According to the given question, a good productive labor force helps in producing the various types of products and the services in the market and also maintain the economical growth of the country.
The high rates of the economical growth are tends to have a labor force which is more productive as it helps in supplying the finished goods and the services according the demand and the requirement of the customers.
The high productivity helps in increase the economical growth of an organization and also increase the umber of employment in the country.
