All categories

3 years ago

True or False: Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie.

Business

1 answer:

SIZIF [17.4K]3 years ago

8 0

Answer:

The correct answer is True.

Explanation:

Economic efficiency is the efficiency with which an economic system uses productive resources to meet its needs. According to Todaro the concept means in matters of "production, use the factors of production in combinations of lower cost, in consumption, allocation of expenses that maximize consumer satisfaction (utility)".

Economic or income equality, social equality and cultural equality would be achieved if economic, social and cultural rights - second generation human rights - are fulfilled. Equity or equal resources is essential both to fully exercise civil and political rights and to have a decent life.

You might be interested in

Confirmations that are sent to select customers asking them to review the current balance due the client as shown on the client'

nata0808 [166]

Answer:

The correct answer is letter "C": Positive confirmations.

Explanation:

Positive confirmations are audit procedures by which ambiguous information is clarified. It also implies the confirmation of the accuracy of the data provided in the company's books and Financial Statements. By doing so, liabilities, bank accounts, accounts receivables and payables amounts are verified.

4 0

3 years ago

This document shows that you are allowed to work in the United States:

Stolb23 [73]

Answer:

d. work permit

Explanation:

The work permit is also referred to as the Employment Authorization Document or EAD. A work permit has the same design as a driver's license. It is issued by US Citizenship and Immigration Services (USCIS).

Foreigners coming into the US need to obtain a work permit to enable them to seek employment. The work permit card is presented to potential employers as proof that a person is duly authorized to work in the USA.

7 0

3 years ago

Read 2 more answers

On January 1, 2021, Anne Teak Furniture issued $100,000 of 10% bonds, dated January 1. Interest is payable semiannually on June

zysi [14]

Answer: $86,235

Explanation:

Use Excel or a financial calculator to calculate the bond price.

As the interest is payable semiannually, the relevant variables are:

Coupon = 10% * 100,000 * 1/2 years = $5,000

Yield = 12% / 2 = 6%

Number of periods = 15 years * 2 = 30 semi annual periods

Bond price = $86,235

6 0

3 years ago

The following information is available for Wenger Corporation:

bixtya [17]

Answer:

The taxable income for 2019 is $276,000.

Explanation:

(a) Calculation of taxable income for 2019:

Pretax financial income $302,100

Less: Excess of tax depreciation over book depreciation ($43,800)

Add: Rent received in advance $18,100

Taxable income for 2019 $276,400

(b) Journal entries for 2019: Debit ($) Credit ($)

Income tax expense ($302,100 x 20%) 60,420

Deferred tax asset ($18,100 x 20%) 3,620

Deferred tax liability ($43,800 x 20%) 8,760

Income tax payable ($276,400 x 20%) 56,800

<em>Recording of income tax expense, deferred income taxes, and income taxes payable for 2019.</em>

(c) Journal entries for 2020:

Income tax expense (65,000 + 3,620 - 2,190) 66,430

Deferred tax asset ($43,800 x 20% / 4) 2,190

Deferred tax liability ($18,100 x 20%) 3,620

Income tax payable ($325,000 x 20%) 65,000

<em>Recording of income tax expense, deferred income taxes, and income taxes payable for 2020.</em>

7 0

3 years ago

Read 2 more answers

explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and

ololo11 [35]

The main purpose of a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.

When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.

There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.

Learn more at brainly.com/question/24383317

8 0

3 years ago