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gogolik [260]
3 years ago
14

The deadweight loss from a tax is likely to be greater with a good that has:

Business
1 answer:
Alona [7]3 years ago
4 0

Answer:

A. -many substitute

Explanation:

Deadweight loss is inefficiency that occurs as a result of taxation. It's the change in production or consumption as a result of tax.

If tax is imposed on a good with many substitutes, the deadweight loss would be greater because consumers can easily shift consumption to another good that is cheaper.

If a good has inelastic supply or demand, the deadweight loss is less because consumers and producers do not change quantity demanded and supplied if prices increase as a result of tax.

I hope my answer helps you.

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a. Consumption schedule The variable on the vertical (y) axis is (Click to select) and the variable on the horizontal (x) axis i
serg [7]

Answer:

a. Consumption schedule

The variable on the vertical (y) axis is<u> Consumption</u> and the variable on the horizontal (x) axis is <u>disposable income</u> .

These variables are <u>directly</u> related.

On the Consumption schedule, the variables on the y axis are the different levels of consumption whilst the variables on the x are amounts of disposable income.

Consumption and disposable income are directly related because when the amount of disposable income increases, the amount that consumers can spend will increase as well as it comes from the disposable income that a consumer has.

b. Saving schedule

The variable on the vertical (y) axis is<u> Saving</u> and the variable on the horizontal (x) axis is <u>disposable income</u> .

These variables are <u>directly</u> related.

On the Saving schedule the x axis which is for the independent variable is the Disposable income whilst the dependent variable on the y axis is for Savings.

Savings and Disposable income are directly relate because when a person has more money after taxes (disposable income), they will be able to save more money.

c. Real GDP and disposable income are higher.

The Real GDP of the United States as well as disposable income have increased over the past decade which means that people are able to both consume and save more s shown above.

4 0
3 years ago
Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the
Minchanka [31]

Answer:

Explanation:

Mack, Marianne, and Martin

Explanation:

From the question, we are informed about, Mack who writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier in payment for the next four month's delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check. In this case St. Mark's may look for recovery from Mack, Marianne, and Martin. This is because the check was endorsed by three of them and as a result of this anything that happened to the check may be it's not been accepted or other things, they will be held responsible for it since they signed at the back of the check.

5 0
3 years ago
Provide an example of a real-world industry or market that would be described by economists as perfectly competitive. (hint: wha
Leona [35]
A perfectly competitive market is a market where all competitors are very small businesses, supply prices are perfectly elastic, all goods sold are the same(no branding), abnormal profits can only be made in the short run
Perfect competition is a theoretical model so there is no real world example in our world an example I find easy is the milk market since the good is the same no matter the brand and the amount of branding is minimal and there is usually a good amount of competitors in a country 
7 0
3 years ago
Which of the training professionals' roles do you believe is the most difficult to learn? Which is the easiest?
RoseWind [281]

Answer and explanation:

There are several roles trainers could adopt while handling trainee groups but the most important are: <em>instructional designer, technical writer, </em>and <em>needs analyst</em>. From the three of them being a needs analyst could represent the most challenging because it implies collecting information of different individuals to identify what they are lacking and based on that information collect data that can be useful for their learning process.

On the other hand, being a technical writer could be the easiest since professional trainers manage their field of study. They tend to portrait their knowledge in written documents using technical terminology suiting it to the audience they are going to work with.

7 0
3 years ago
Which of the following is not a qualitative factor to be considered in a make-or-buy decision?
Karo-lina-s [1.5K]

Answer:

A) Possible lost jobs from buying outside

Explanation:

In a make-or-buy decision,   technical aspects directly related to manufacturing are those that come into play: costs, schedules, quality, among others. A classic example is Apple. Because of the advantages in costs, quality, schedules and other aspects, Apple chooses to manufacture its products in China instead of manufacturing themselves or with a third party in the US, despite the loss of jobs that it generates.

4 0
3 years ago
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