Here is the answer that completes the statement above.
Regarding the situation of Toby who runs a small deli downtown, if he is already maximizing his profits, therefore, we can say that the number or amount of delis will soon increase or rise. Hope this answers your question.
Answer:
Answer is option a, i.e. trade-offs and connections may differ in short run and the long run.
Explanation:
Keynes' law in economics and Say's law in economics are contradictory in their perspective. Where Keynes' law says that it is the demand that creates the supply, on the other hand, Say's law states that its the supply that tends to create the demand. But, we cannot neglect any of the above facts as demand and supply cant operate independently. So, on combining the two laws, we happen to take both the given laws into account. Also, it is found that Keynes' law is more appropriate and accurate for the short-run whereas, Say's law is for the long run. This thus creates trade-offs and connections that differ in the short-run and long-run by affecting the three important goals of macroeconomics, i.e. higher standard of living, low inflation, and low unemployment.
Answer:
C. laws and modern management attitudes minimize the possibility of unsafe working conditions and unfair treatment of workers found in earlier eras.
Explanation:
Throughout the history, labor unions have been formed to protect the rights of labors. The reasons behind the formation of these labor unions were;
Unavailability of labor laws
Unsafe working conditions
Poor attitude of management
low wages etc
Therefore, critics claim that in the modern times there is no need for labor unions because labor laws has been created and implemented in order to safeguard the rights of labors. Regulatory authorities have been formed to ensure safe working conditions. With the passage of time, the attitude of management has changed a lot and they are now much more considerate towards their employees and treat them as equal beings in contrast to old times.
Answer:
The answer is b. false
Explanation:
Call X as the adjusted gross income before taxation. The corporate income tax is <em>0.05 * X</em>. Given that the <em>incremental</em> federal tax rate is 34% after the state corporate income tax and because the state corporate income tax is <em>deductible</em> from the federal taxes, the incremental federal tax is <em>0.34 * (X - 0.05 * X)</em>. Therefore: <em>0.34 * (X - 0.05 * X)</em> = <em>0.34 * 0.95 * X</em> = <em>0.323 * X</em>. The combined effective tax rate should be 32.3%.
Answer: The Business Cycle Dating Committee of the National Bureau of Economic Research.
Explanation:
The Business Cycle Dating Committee under the National Bureau of Economic Research are tasked with declaring the beginnings and the endings of the Business cycle. They do this by reviewing Economic wide measures especially GDP to see if prevailing conditions are still ongoing.
To declare a Recession, the Economy would have to be experiencing a significant downward trend in widespread economic activity reduction over more than a couple of months but for a Recession to be declared as over and back to a Peak, it might take longer than that.
