Mutual funds and stocks <span>best suits their needs. </span>
Answer:
A. The majority of the tax will be borne by the producer.
Explanation:
When an Indirect Tax (impact & incidence on different people) is levied : The burden of it is shifted to the party (buyers/ sellers) whose element (demand/ supply) is more inelastic (less responsive to price).
In this case: If demand for Carlo Rossi wine is relatively elastic (because of substitutes presence) - levying tax on it will hence imply major burden to be borne be producer (because demand is relatively elastic).
b,c : All tax will be borne passed to consumer / producer - if demand is perfectly inelastic/ if supply will be perfectly inelastic respectively.
d: Majority tax will be borne by consumer - if demand is relatively inelastic (than supply)
Answer:
To check against high inflation rate
Explanation:
Inflation is the steady increase in the prices of goods and services in the economy per period. Inflation is associated with economic growth. Naturally, as the economy grows, the prices of different products and services tend to increase.
When the economy is growing at a fast rate, the inflation rate tends to increase. A rise in the inflation rate means prices are increasing at a high rate. When prices are unstable, planning and budgeting become challenging for individuals, firms, and the government. Inflation erodes the strength of a currency, which causes unstable prices and other economic challenges. The Federal Reserve keeps monitoring inflation and applies appropriate monetary policies to regulate economic growth and the inflation rate.
Answer:
Capital resources
Explanation:
When you visit a mall, you watched different items in the malls such as furniture, sofa set, kitchen appliances, etc.
These goods are manufactured. Of course, maybe some items are made up of handmade.
Capital resources are man-made resources, such as tools, machines, locations, and goods that are used in manufacturing. Capital resources can any of the tools, machine.
The raw material is used in manufacturing items, tools, machines, and the production process.
Answer:
The correct answer is C
Explanation:
Finished goods are those goods which have been finished or completed through the process of the manufacturing or purchased or bought in the completed form, but not sold yet to the customers.
The finished goods cost or expense is considered to be a asset which is short term in nature, which is expected to be sold in less than a year or period.
So, when the company sold the goods that worth $54,000 to the manufacture for $150,000, this will lead to decrease in the finished goods of the company which worth $54,000.
