All categories

3 years ago

Which of the following is a positive economic statement?

Business

1 answer:

Virty [35]3 years ago

6 0

Answer:

C. If taxes are over 50 percent of national income, job creation falls.

Explanation:

Option C is correct because the positive economic statements are those statements that can be tested and rejected but the normative economic statements can not be tested, these statements are nonvalue judgments. Thus, the statement is given in the question that the tax rate of 50% on the national income will decrease the job creation can be tested or it can be rejected. Thus, option C is right.

You might be interested in

Question 3 Resonant leaders create relationships in which those involved experience the following conditions. (Select the answer

cupoosta [38]

The exception to how a Resonant leaders create relationships in which those involved experience as the following conditions is Creation of Fear.

<h3>Who is a Resonant leaders?</h3>

Basically, the Resonance refers to the act of reinforcing sound by moving on the same wavelength. A resonant leaders means the leader that drive an emotions positive and bringing out the best in the follower.

For instance, when two people are on the same wavelength emotionally; the more resonant people are with each other, the less static are their interactions and resonance minimizes the noise in the system

Hence, a Resonant leaders brings Hope, purpose or vision Mindfulness Compassion and Playfulness.

Therefore, the Option D is correct.

Missing options "Hope, purpose or vision Mindfulness Compassion Playfulness Fear"

Read more about Resonant leaders

brainly.in/question/8750521

#SPJ1

6 0

2 years ago

Other data not yet recorded at December 31 include Insurance expired during the current year, $6. Wages payable, $4. Depreciatio

galina1969 [7]

Answer:

Using the adjusted balances, give the closing entry for the current year.

Explanation:

Db Insurance expense 6000

Cr Prepaid expenses 6000

Db Wages payable 4000

Cr Cash 4000

Db Depreciation expense 9000

Cr Accumulate depreciation 9000

Db Income tax expense 7000

Cr Tax payable 7000

3 0

3 years ago

Read 2 more answers

Trade-offs between the characteristics that make information useful may be necessary or beneficial. Issuance of interim financia

SashulF [63]

Answer:

A- relevance and reliability

8 0

3 years ago

Use the cost information below for Sundar Company to determine the total manufacturing costs added during the current year:

astra-53 [7]

Answer:

cost of goods manufactured= $98,000

Explanation:

Giving the following information:

Direct materials used $19,000

Direct labor used 24,500

Factory overhead 55,100

Beginning work in process inventory 10,700

Ending work in process inventory 11,300

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 10,700 + 19,000 + 24,500 + 55,100 -11,300

cost of goods manufactured= $98,000

7 0

3 years ago

Oaktree Company purchased new equipment and made the following expenditures: Purchase price $ 45,000 Sales tax 2,200 Freight cha

olganol [36]

Answer and Explanation:

The journal entries are shown below:

1. Equipment($45,000 + $2,200 + $700 + $1,000) $48,900

To Accounts payable $47,200 ($45,000 + $2,200)

To Cash $1,700

(Being the equipment is purchased on cash and credit)

Since the equipment is purchased so it would be debited and the other two accounts i.e account payable and the cash is credited

2.Prepaid insurance $900

To Cash $900

(Being the payment is recorded)

Since there is a prepaid insurance and the same is increased in assets so it would be debited and the cash is paid so it would be credited

3 0

3 years ago