Answer: Critical Design Review
Explanation:
A Critical Design Review is referred to as a review that's fine in order o ensure that a system can be able to move into fabrication, and test and also ensure that the stated performance requirements are met.
The approved detail design resulting from the critical design review serves as a basis for making the decision to begin production.
Answer:
B) the uneven distribution of gains and losses from free trade.
Explanation:
One of the most important reasons why governments impose trade barriers is to protect domestic jobs (and domestic industries). We are part of a society (country), and society's most important component is people, not money. Generally the economic gains of free trade are larger than the economic losses, but the economic losses hurt the most.
Imagine if no trade barriers actually existed, how many millions of jobs would be lost in the US. Trade barriers are nothing new, the current president didn't invent them. He just incinerated them.
How does a leader tell the people that 10 or 20 million must lose their jobs and probably will not be able to find any similar jobs in the future just because the rest of society will benefit from cheaper products. The lives of 20 million households (50-80 million people) would be destroyed, while 280 million people would benefit.
The amount of harm done to the people that lose their jobs is much greater than any individual benefit.
Answer:
The answer is letter "C": Producer surplus and consumer surplus will increase because the market becomes more efficient.
Explanation:
Named after English economist Arthur C. Pigou (1877-1959), the Pigovian Tax or corrective tax is a fine imposed against taxpayers for being part of activities that generate negative side effects. According to Pigou, these externalities play a negative role in the market to reach equilibrium.
It is true that the corrective tax encourages market efficiency but it doesn't imply the tax will lead to producer or consumer surplus, since those are actually influenced by basic supply and demand laws, making option "C" a false statement.
Answer:
III. An income tax imposed by Philadelphia on persons working within the city limits.
Explanation:
A tax is the monetary obligation from a taxperson in favor of the federal, state, or municipal governement without a concrete return or destination.
on the second situation, the fee is colected based on the licesne there is a return which is, the abilitation of the attorney licence.
the first and fourth the imposition comes with an explicit destination; the road construction or the water system. Therefore are not taxes.
The statement above is TRUE. This is because luxury cars are superior goods.
Superior goods refers to those goods whose consumption increases as their prices increases, that is, the higher the price, the higher the quantity demanded. This type of goods are usually scarce and and they have high prices. A good example of superior good is luxury car.
