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wariber [46]
3 years ago
10

Which of the following statements refers to rent seeking? "There is an opportunity cost whenever the federal government spends t

ax revenue. For example, an additional $1 billion spent on national defense means there will be less revenue for highway construction and maintenance or some other program." "Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws." "The role of the federal government in the U.S. economy grew significantly after the Great Depression. Government spending and taxes are a much greater proportion of total income today than they were in 1929." "The federal government should spend more money on programs that help low income citizens and less money on national defense."
Business
2 answers:
makvit [3.9K]3 years ago
5 0

Answer: "Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws."

Explanation: Rent seeking is an economic concept that revolves around government-funded social services and social service programs. It occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity.

Rent seeking can be said to be a process of obtaining economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.

An example of rent seeking is when

Laws passed by the federal government which often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws.

puteri [66]3 years ago
3 0

<u>Answer:</u>

<u><em>Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws</em></u>

<u>Explanation</u>:

When individuals or firms cunningly try to get benefits from government at the detriment of others it term rent seeking.

Implying they seek shelter under this laws that benefit them the most.

For example, certain tax laws may favor the weather citizens of a country and they (the wealthier citizens) may take advantage of that.

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Last year Ann Arbor Corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 3
mezya [45]

Answer:

13.42%

Explanation:

The computation of return on equity is shown below:-

Debt = Assets × ( Debt to assets ratio)

$155,000 × 37.5%

= $58,125

Equity = Total Assets - Debt

= $155,000 - $58,125

= $96,875

Old Return on equity = Old Net Income ÷ Equity

=$20,000 ÷ $96,875

= 20.64%

New Return on equity = New Net Income ÷ Equity

= $33,000 ÷ $96,875

= 34.06%

Increased in Return on equity = New Return on equity - Old Return on equity

= 34.06% - 20.64%

= 13.42%

8 0
3 years ago
a. Total assets of Charter Company equal $710,000 and its equity is $425,000. What is the amount of its liabilities
Liula [17]

Answer:

the amount of its liabilities is $285,000

Explanation:

From the Accounting Equation, we know that :

Assets - Liabilities = Equity

Therefore,

Liabilities = Assets - Equity

                = $710,000  - $425,000

                = $285,000

4 0
3 years ago
Exercise 7-6 (Algo) Cash discounts; the gross method [LO7-3] Harwell Company manufactures automobile tires. On July 15, 2021, th
babymother [125]

Answer and Explanation:

1. Journal Entries

July 15                    Accounts Receivable                             $66,000

                                                Sale Revenue                                    $66,000

July 23                   Cash                                                          $64,680

                              Sales discount                                            1320

                                           Accounts Receivable                              66,000

2. Journal Entries

July 15                     Accounts Receivable                             $66,000

                                                Sale Revenue                                    $66,000

August 15                   Cash                                                          $66,000

                                           Accounts Receivable                              66,000

5 0
4 years ago
You display a chart from the Bureau of Economic Analysis that shows that real disposable personal income and consumer spending h
Elanso [62]

Answer:

<u>As a threat</u>

<u>Explanation</u>:

Because the amount of disposable personal income and consumer spending of employees are as a result of taxes imposed by government; which when analysed using SWOT analysis is an external factor.

<u>If taxes (an external factor) is increased negatively it is not in the best interest of the company, </u>therefore they would characterise such information as a threat.

7 0
4 years ago
Nikolai knows that what his boss has asked him to do is not in the best interest of the company. He also knows that if he does n
Karo-lina-s [1.5K]

Answer:

The correct answer is letter "D": if all else fails, slow the spread of bad practice.

Explanation:

Evidence-based management is a critically thought-provoking approach to decision making. This practice has the following principles: treat your organization as an unfinished prototype; <em>no brag, just facts; see yourself and your organization as outsiders do; evidence‐based management is not just for senior executives; like everything else, you still need to sell evidenced‐based management; if all else fails, slow the spread of bad practices; and questioning what happens when people fail? </em>

In front of a problematic situation, the "if all else fails, slow the spread of bad practices" is used when the consequence of an action is likely to be negative, but usually represents an order in the relationship of a principal-agent. The agent then carries out the necessary procedure as slowly as possible to prevent an unexpected reaction.

5 0
4 years ago
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