Answer:
functional finance.
Explanation:
The budget philosophy of functional finance implies that the government should do all that is necessary in order to make the economy operate at full potential. The outcomes of whatever budget preparations are ignored in philosophy of functional finance. What is most paramount is to focus on whatever that would bring growth and stability to the economy.
In the philosophy of functional finance, what is most important about balancing the federal budget is its use to promote an economy so that it can operate at full potential.
Depending on the purpose, the action of taking property by a government is fair, in that the government can legally take land privately for public purposes, provided that this taking of property is properly compensated to the owner of the property.
<h3 /><h3>What is the right to property?</h3>
It is the 17th article of the Constitution, which stipulates that every citizen has the right to property, which must not be arbitrarily withdrawn or deprived of it.
The taking of government property is generally carried out for public purposes, being intended for the benefit of society, such as for transformation into schools and hospitals for example.
Therefore, the action of taking a property is fair and constitutional, but the owner of the property must be financially rewarded for it to become legal.
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Answer:
a. I
Explanation:
Affected only if there are upstream inter-company sales of inventory. Because when this happens you're gonna have a non-static inventory, it's gonna be changing, your gonna need to apply a perpetual system due to the constant change due to the upstreams sales.
Answer:
Variable overhead efficiency variance= $7,000 favorable
Explanation:
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
<u />
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 9,000*2= 18,000 hours
Actual quantity= 16,000 hours
Standard rate= $3.5 per hour
Variable overhead efficiency variance= (18,000 - 16,000)*3.5
Variable overhead efficiency variance= $7,000 favorable
Answer: C) total surplus is maximized.
Explanation:
Total surplus refers to the sum of both the producer and the consumer surplus.
When allocation of resources is efficient, it means that the total surplus is maximised because the price that is being charged is the same as the equilibrium price that is required.
At this point, all participants in the market will be better off which means both producers and consumers will be better off.