Answer:
c. $3,800
Explanation:
Calculation for the amount of taxable income
Using this formula
Taxable income =Interest income from a checking account+Interest income from corporate bonds +Interest income from federal bonds
Let plug in the formula
Taxable income =$1,000+$2,050+$750
Taxable income=$3,800
Therefore on his current year tax return the amount of his taxable income will be $3,800
Answer:
False
Explanation:
Whenever, there will be reduced production costs, due to any reason in the economy, then the goods will be cheaper and accordingly the sale will be in abundance assuming other factors remain constant.
Thus, due to subsidies the cost to producers will be less and then exporters will not be able to get more share as domestic goods will cost cheaper.
Thus, there will not be any gain to foreign competitors in our domestic markets, as they will not get any share extra rather they will loose as a foreign competitor. In fact goods which are exported will also cost low, and therefore, will gain new customers.
Therefore, above stated statement is false.
Answer:
The answer is D.
Explanation:
The correct answer is D. universally true for all markets
Other things being equal, as the price of goods and services increase, producers/firms tend to produce more(this is the popular law od supply) inorder to take advantage of the high revenue.
Unlike demand, for supply, price and quantity supplied are directly related.
The player in the economy which supplies labor in the factor market is the households.
<h3>What is supply of labor?</h3>
This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.
Hence, the player in the economy supplies labor in the factor market is the households.
Learn more about supply of labor here: brainly.com/question/17175566
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Answer:
to keep track of all business transactions in case of an audit
