A person who organizes,
operates, and assumes the risk for a business venture is called an entrepreneur.
They are commonly seen as a business leader and innovator. Businessman sometimes
take advices from them.
Answer:
A. Interest rates rise.
C. There is an economic boom overseas that raises the incomes of foreign households.
Explanation:
Option A - It is correct because if the interest rate increases, consumer spending will decline. Therefore, the aggregate demand curve will shift to the left.
Option B - If the government reduces the personal income tax, the consumers will spend more, it will lead the aggregate demand to the right. So, it is wrong.
Option C - Foreign households' income will lead to more savings. Therefore, spending will decline. So, it is the correct statement.
Option D - It is incorrect because corporate profit tax will not consider in the aggregate demand.
Answer:
a. buyers of the good will bear most of the burden of the tax.
Explanation:
When a tax is imposed on a good for which the supply is relatively elastic and the demand is relatively inelastic, buyers or consumers of the good will bear most of the burden of the tax.
However, when tax is imposed on a good whose supply is relatively inelastic and the demand for the goods is relatively elastic, the producers or sellers would be responsible for the tax burden of the goods.
Generally, tax revenues are larger with respect to the inelasticity of demand and supply.
<u><em>Securities and Exchange Commission is the answer that you are looking for</em></u>
<em><u />Hope this helps :)</em>
