Answer:
The correct answer for the first scenario is total tax = $3, tax on consumer = $1 and tax on producer = $2.
For the second scenario, the answer will be False.
Explanation:
According to the scenario, given data is:
Price for consumer before tax = $7
Price for consumer after tax = $8
Price producer gets before tax = $7
Price producer gets after tax = $5
So, the amount of tax = Price consumer pay after tax - Price producer gets after tax.
= $8 - $5 = $3
Burden of tax on consumer = Price after tax for consumer - price before tax for consumer
= $8 - $7 = $1
Burden of tax on producer = Price producer gets before tax - Price producer gets after tax
= $7 - $5 = $2
For the second scenario, given statement will be false because the result will be same if the tax is levied on producer or consumer.
Answer:
a congressionally mandated decrease in tax rates to stimulate the economy.
Explanation:
Automatic fiscal stabilizers are stabilizers that come into force automatically during economic fluctuations. They are not enacted by the government, policymakers or an agency of the government.
I hope my answer helps you
<span>In analyzing the two traits in regards to what can be deduced from the 85 percent monozygotic and dizygotic pairs, it can be found that the differences and traits lie in the components of both the genetic factors involved, as well as the environmental components inherent in each.</span>
Answer:
I should not accept the bet; the precise level of risk aversion does matter.
Explanation:
Risk averse person is the one who is not willing to take the risk even if he is given high returns. Risk averse person will always avoid the risks. In the given scenario the person is risk averse. If he rolls out the dice he has to pay $200 times the dice number which means he just have two chance (dice rolls 1 or dice rolls 2) for getting return otherwise he will loose the bet and he will have to pay money from the pocket.
You owe 2300 on your motorcycle. What kind of debt is this?
discharged
