1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
romanna [79]
3 years ago
8

1. The following was heard on a primetime news cast. "The government has just increased the sales tax. This is unfair to consume

rs, particularly the poor, because budgets are already stretched far enough. It would have been much more fair for the government to have levied an excise tax on firms as a way of making big business give back to the community." Explain why the person's argument is more than likely incorrect. Be sure to discuss whether the person has over or understated the effect of the tax on consumers and producers.
Social Studies
1 answer:
Flura [38]3 years ago
3 0

This statement can be considered incorrect because the person is not taking into account what the actual effect of the sales tax and the excise tax is on consumers. The excise tax is a tax applied at the moment of manufacture, not at the moment of sale. On the other hand, a sales tax is applied to a product at the moment of sale. However, if companies have to pay an excise tax, they are likely to raise the prices of their products, which could end up having the same effect on consumers as the sale tax. The person has most likely overstated the effect of the sales tax, while understated the effect of the excise tax.

You might be interested in
A new dog toy is introduced in pet stores in April for $19.99, but by December the toy is being sold for $4.99. According to the
Tcecarenko [31]

Answer:

Explanation:

That those willing to buy the toy are not numerous enough to justify the space needed to store the toys.

In other words the supply is much more than the demand and the two won't reach equilibrium until the price drops down to 4.99. Then new customers will be more willing to buy it as a secondary gift for some child.

8 0
2 years ago
Your father's brother's daughter is your​
cestrela7 [59]

Answer:

cousin

Explanation:

help with this

Leanna opens a savings account with an initial balance of $100. She then deposits $50 each month. Use an equation, a table, and a graph to explain the relationship between the amount of money in the account, a, and the number of months since Leanna opened the account, m.

Part A Write an equation to represent the problem. Explain how the value of a changes as m increases.

Part B Make a table to show the relationship between m and a. Find 5 ordered pairs.

Part C Use your table from Part B to draw a graph to represent the situation.

5 0
3 years ago
Read 2 more answers
The initial increase in heart and breathing rates during the skin diving trip was probably a result of:
Reptile [31]

Answer:

A). Activation of SYMPATHETIC nervous system by new experience.

Explanation:

According to the studies, the initial increase in heart and the breathing rates at the time of skin diving trip was mainly an outcome of the 'activation of sympathetic nervous system due to the new experience'. The new experience causes a 'fight or flight response' that secretes 'adrenaline' and thus, it eventually end up in 'elevated pulse rates' and 'breathing' during the trip that indicates the activation of 'sympathetic nervous system'. Thus, <u>option A</u> is the correct answer.

3 0
3 years ago
What first battle marked the beginning of the civil war
sasho [114]
First Battle of Bull Run
4 0
3 years ago
Read 2 more answers
Related words are falsely recognized at a higher rate than unrelated words because _____.
soldi70 [24.7K]
The answer is a : the related words were more closely related to the concepts in your textbook
5 0
2 years ago
Other questions:
  • What is one reason why margaret frink and her husband chose to move to california? a. because mrs. frink missed her family in ca
    9·2 answers
  • Kim is a salesperson for ABC Advertising. She is having trouble maintaining control of her sales calls. Kim finds that her custo
    12·1 answer
  • What is the effect of the Protestant Reformation on Europe?
    14·2 answers
  • GIVING 20 POINTS! . One of the biggest arguments against ratification of the Constitution was the lack of a Bill of Rights, prot
    5·1 answer
  • When you be carefully checked all the facts and your attitudes and still find that there’s just something about your supervisor
    13·1 answer
  • Scottish researchers compared rates of depression between 94 undergraduates who regularly kept diaries and 41 students who did n
    10·1 answer
  • Select which options below are responsibilities
    10·2 answers
  • Select the career fields to which a degree in animal
    9·1 answer
  • Briefly describe each of the 5 Pillars of Islam:<br> 1.<br> 2.<br> 3.<br> 4.<br> 5.
    13·1 answer
  • Desertion was not a major problem in the confederate army as it was in the union army.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!