A revenue tariff is a tax applied to increase the revenue(money brought in) of an economy. Usually occurs in business. For example, oil that is imported or exported from the US is a revenue tariff.
Answer: Option B
Explanation: Economic efficiency refers to a situation when all the resources that exist in an economy are allocated in such a way that all the individuals and entities in the economy is getting the maximum utility out of them.
In an efficient economy the surplus of both consumer and supplier are maximum and any increase or decrease in resource allocation will only result in harm of the economy.
Hence from the above we can conclude that the correct option is B.
Answer:
Job #1
Explanation:
Job #1 is best suited according to Noah's preference. She wants to work near home, have experience working with children and provide educational opportunities. The Job #1 offers her para- educator in kindergarten class. This job is close to her home and has positive school culture. This job provides her opportunity for networking with administrators and the pay is also good. Therefore Noah should select job #1.
Answer: Approximately 2.37
Elastic over this range
Explanation: As we know that, as per the midpoint method elasticity of supply is calculated as :-
where,
Q2 = 19
Q1 = 10
P2 = 65
P1 = 50
now, putting the values into equation we get :-
= 2.37
So, we can say that over this range Ginny's supply is elastic .
Answer:
$60,000
Explanation:
Based on the information given that we were told that she has automobile insurance coverage of 25/60/10 which therefore means that the MAXIMUM AMOUNT that the insurance company will pay is the amount of $25,000 per each individual which will as well include the maximum amount of $60,000 per accident for all the individual..
Therefore The amount of the judgment that the insurance cover is $60,000
