1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nata0808 [166]
2 years ago
13

HELP WITH ECONOMICS 30 POINTS

Advanced Placement (AP)
2 answers:
Nookie1986 [14]2 years ago
7 0

Answer:

1) A progressive tax is defined as a tax whose rate increases as the payer's income increases. That is, individuals who earn high incomes have a greater proportion of their incomes taken to pay the tax. A regressive tax, on the other hand, is one whose rate increases as the payer's income decreases.

2) The government has few choices of action to protect its domestic industries. It can implement trade barriers as for example the import quotas and tariffs on imported goods. The two are both lower the consumer's welfare. The tariffs usually would increase the prices of imported goods, therefore consumers would choose the domestic good, meanwhile the import quotas decrease the supply of imports and consumers are obligated to purchase domestic goods of prices higher than the imported goods.

3) Public good is a commodity or service that is provided without profit to all members of a society while private goods is a product that must be purchased to be consumed. There are few reasons for which the government's action is necessary to ensure the provision of public goods such as the very efficiency of this action, the goods and services might be beneficial not only for the purchaser, but other individuals, the value of the good and service becomes greater than what an individual can pay, and also it boosts the economic equity.

4) The government applies equal taxes and regulations to protect the competition. It needs to apply those in order to prevent the creation of monopoly.

5) The censorship has at its core to prevent or to minimalism one's knowledge or access to a product, therefore as a consequence it can increase the prices and have negative consequences on companies and economy in general.

valkas [14]2 years ago
4 0
1. What is the difference between progressive and regressive methods of taxation? Explain.

A progressive tax is a kind of tax which takes a bigger percentage of income from taxpayers as their income is increasing. An example of it would be the federal income tax.

A regressive tax is the opposite of progressive tax. The higher-income taxpayers would pay, the smaller percentage of their income than lower-income taxpayers since the tax itself isn’t based on the ability of paying it. An example would be the state sales tax.

2. Identify actions a government can take to protect its domestic industries. Describe the effects that these actions have on domestic consumers.

The government has few choices of action to protect its domestic industries. It can implement trade barriers as for example the import quotas and tariffs on imported goods. The two are both lower the consumer's welfare. The tariffs usually would increase the prices of imported goods, therefore consumers would choose the domestic good, meanwhile the import quotas decrease the supply of imports and consumers are obligated to purchase domestic goods of prices higher than the imported goods.


3. Describe the difference between public goods and private goods. Explain why government action is necessary to ensure the provision of public goods.

The public good would be a non rival and non excludable good. It means that one’s consumption doesn’t affect the consumption of the other and that one cannot prevent the other from consuming a good of product.

The private good is on the contrary a rival and excludable kind of good. It means that for example if one owns a car of a limited series than there is not enough of it for everybody to own and the person is not obligated to allow anybody to drive his car.

There are few reasons for which the government’s action is necessary to ensure the provision of public goods such as the very efficiency of this action, the goods and services might be beneficial not only for the purchaser, but other individuals, the value of the good and service becomes greater than what an individual can pay, and also it boosts the economic equity.


4. What does the government do to protect competition in a free-market system? Explain why the government needs to take these actions.

The government applies equal taxes and regulations to protect the competition. It needs to apply those in order to prevent the creation of monopoly.

5. How can censorship negatively affect economic activity?

The censorship has at its core to prevent or to minimalize one’s knowledge or access to a product, therefore as a consequence it can increase the prices and have negative consequences on companies and economy in general.
You might be interested in
(Read image) PLEASE HELP
Triss [41]
1st mistake: no heading for the city names
2nd mistake: the bars aren’t equal in width, some are thicker than others and closer together than others
3rd mistake: the temperature started at 2 rather than 0
Those are the first 3, can’t find the forth
7 0
3 years ago
Read 2 more answers
List 3 dos of talking during an interview
seraphim [82]

┊         ┊       ┊   ┊    ┊        ┊

┊         ┊       ┊   ┊ ˚❀ ⋆。˚❃

┊         ┊       ┊   ✿

┊         ┊       ❁⋆      

┊ ๑      ┊

✾ ⋆     ┊. ˚.

           ˚✽

--------

1. Be <u>prepared </u>to answer the questions.

2. Know the place/job and the requirements.

3. Show respect for the staff and for the opportunity.

-

I hope this helps! ✧・゚

----------

8 0
3 years ago
Read 2 more answers
How did the modern bourgeoisie arise?
Vesna [10]

Marx argued that the capitalist bourgeoisie mercilessly exploited the proletariat. He recognised that the work carried out by the proletariat created great wealth for the capitalist. ... He described how the wealth of the bourgeoisie depended on the work of the proletariat. Therefore, capitalism requires an underclass.

5 0
3 years ago
Read 2 more answers
When studying the human mind, we need to study the human brain. _____ is the contributing academic field that enables psychologi
viktelen [127]

Answer:

I can safely say that you can ignore the brain when studying the mind :)

Explanation:

studying a mind is like building a computer you morale worried about the interior and the information it is holding verses the exterior and the appearance.

6 0
3 years ago
When two neurons are activated at the same time, the connection between them will increase; this is called
charle [14.2K]
When two neurons are activated at the same time, the connection between them will increase; this is called long-term potentiation. 
3 0
3 years ago
Other questions:
  • The development of sperm cells
    9·1 answer
  • What is 22/50 in simplest form?
    8·2 answers
  • Virginia beach is 100 kilometers wide and 30 kilometers long. if 2 cm of rain falls on virginia beach, how many cubic meters of
    15·1 answer
  • If you have a green turn signal light, you yield to cross traffic and check the crosswalk before making your turn.
    11·1 answer
  • Alicia earns $9.00 per hour working at a part-time job. She wants to earn
    12·1 answer
  • Simplify the polynomial by combining like terms.<br> 4.78x^2-3.55x+7.85x^2+10.35-4.06x
    6·1 answer
  • Which option would be the last stage of physical weathering? (1 point)
    15·1 answer
  • Who should I make an edit of???? My edits are on my tiktoks ynw._milove2x
    13·2 answers
  • At the end of their biology unit, 7th grade students were asked to make a glossary of biological terms. Which student did the be
    12·1 answer
  • Explain what is happening at each point on the diagram
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!