Answer: B. modestly higher average tax rates.
C. a relatively modest boost in the historical growth rate of government redistributive transfers.
Explanation:
The policy actions that authors propose to offset the negative consequences of rising income inequality are modestly higher average tax rates and the relatively modest boost in the historical growth rate of government redistributive transfers.
Answer: The four main ways a business may increase it's profit are through reducing costs, increasing turnover, increasing productivity, and increasing efficiency.
Answer: 1.60
Explanation:
P1 = 30
P2 =50
Q1 = 6
Q2 = 16
Elasticity of supply:
= 1.60
Using the midpoint method, the elasticity of Deborah’s labor supply between the wages of $30 and $50 per hour is approximately 1.60, which means that Deborah’s supply of labor over this wage range is elastic.
Answer:
Developing
Explanation:
A developing country is one where,
- Per capita income is lower which means individuals earn money for basic survival. There are no means of investment and savings.
- Life expectancy is higher due to absence of modern medical facilities in all areas.
- Technology is still reaching people in rural areas. Not everybody has access to modern technology.
- High rates of population and unemployment.
Here, the country has all features of a developing world nation.
