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3 years ago

Why do various federal, state, and local government programs help raise people’s standard of living?

2 answers:

7 0

The government has various reasons for this. first of all, when the living standards are raised, the people will have more disposable income. this allows the people to start buying goods hence the demand will increase. when the demand increases, more tax may also be collected and more supply may be created...this creates jobs as well.
also, an increase in living standards will mean more happy people. this will increase their productivity hence production is increased which can increase amount of tax collected or even increase supply hence make goods cheaper overally.
last but not least, this will help in improving the health and nutrition of the people as less people will be sleeping hungry and less people will be falling sick. this will allow the government to reduce its spending on the health amenities so that money could be used somewhere else.

garik1379 [7]3 years ago

5 0

because certain groups of people have fewer opportunities to raise their standard of living.

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Depletion glacier mining co. acquired mineral rights for $494,000,000. the mineral deposit is estimated at 475,000,000 tons. dur

Snezhnost [94]

Answer:

1.04 per ton

$32,760,000

Dr. Depletion Expense $32,760,000

Cr. Accumulated Depletion $32,760,000

Explanation:

Depletion is an estimated cost of a natural resource that is extracted. This resource is expensed as the extraction is made.

As per given data

Value of Rights = $494,000,000

Estimated resources = 475,000,000 tons

Resources extracted in the period = 31,500,000 tons

Depletion expense is based on ratio of the amount of extraction in period to the total expected resource.

Depletion Rate = $494,000,000 / 475,000,000 tons = $1.04 per ton

Depletion Expenses = $1.04 x 31,500,000 tons = $32,760,000

Depletion Expense is recorded by the debit entry because the expenses has the debit nature and accumulated depletion is credited because it is an contra asset account which have credit nature.

8 0

3 years ago

Subprime lending means lending to borrowers and charging interest that is below the current prime interest rate.

STALIN [3.7K]

Answer:

False

Explanation:

Subprime lending means lending to borrowers and charging interest that is above the current prime interest rate.

The current prime interest refers to the rate offered to the best credit rated customers based on their credit history. This rate is lower as it is meant to be an attraction for the customers who are good credit payers and takers.

The sub-prime lending refers to giving loans at a rate higher than current prime interest rate to the borrowers who are lower on credit rating. This lending takes on higher risk and hence thereby charges higher interest from the borrowers.

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3 years ago

If the Ricardian equivalence theorem LOADING... is not relevant, then an income-tax-rate cut A. will result in a multiple time

LenKa [72]

Answer:

The correct answer is D. will result in a multiple times higher decrease in equilibrium real GDP in the short run; however, a tax-rate reduction will increase the automatic-stabilizer properties of the tax system, so equilibrium real GDP would be less stable.

Explanation:

Ricardian Equivalence is an economic theory that suggests that when a government increases expenses financed with debt to try to stimulate demand, demand does not really undergo any change.

This is because increases in the public deficit will lead to higher taxes in the future. To keep their consumption pattern stable, taxpayers will reduce consumption and increase their savings in order to offset the cost of this future tax increase.

If taxpayers reduce their consumption and increase their savings by the same amount as the debt to be returned by the government, there is no effect on aggregate demand.

The fundamental concept of Ricardian equivalence is that it does not matter which method the government chooses to increase spending, whether by issuing public debt or through taxes (applying an expansive fiscal policy), the result will be the same and demand will remain unchanged.

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3 years ago

Tyson Corporation bought raw materials on April 23, 2012 and also on July 2, 2012. Products produced in the months of May were s

exis [7]

Answer:

2. the inventory acquired on April 23 with the products sold

Explanation:

Tyson Corporation

As the company uses FIFO it would associate the sales with the inventory bought earliest. FIFO means first in first out the materials bought first would be sold first . The materials bought later would be sold later. In this situation the April 23 inventory is the first purchase so it would be associated with the products sold first in July.

So option 2 is the best option indicating the first purchase sold first.

5 0

3 years ago

Read 2 more answers

On january 8th your account was charged $30.00 for an overdraft fee. why did that happen?

Zanzabum

On January 8th the account was charged $30.00 for an overdraft fee because It was time to pay the monthly account maintenance charge.

<h3>Why bank charges an overdraft fee?</h3>

When a bank's customer don't have enough money to cover a purchase made using a debit card or a cheque, then the bank will charge the overdraft fee. Rather of denying a charge, the bank will pay it and charge a fee.

In the given case, because it was time to pay the monthly account maintenance charge, the account was charged $30.00 for an overdraft fee on January 8th.

Therefore, bank charged overdraft fee as the date of payment comes.

Learn more about the overdraft fee, refer to:

brainly.com/question/1739416

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5 0

2 years ago