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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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It is important for modern firms to build and maintain ______ by conducting ethical and transparent transactions.
r-ruslan [8.4K]

The singular thing which is important for modern firms to build and maintain by conducting ethical and transparent transactions is:

  • Consumer trust

<h3>What is Consumer Trust?</h3>

This refers to the belief which a customer has in a particular business, usually because of its ethical and transparent practises.

With this in mind, we can see that if modern firms fail to build this consumer trust, then they stand the risk of losing their customer base to their competition.

Read more about consumer trust here:
brainly.com/question/1872126

4 0
2 years ago
The actual cash received from cash sales was $3,930 and the amount indicated by the cash register total was $3,880. the journal
Nuetrik [128]

The actual cash received from cash sales was $14,356 and the amount indicated by the cash register total was $14290

a.what is the amount deposited in the bank for the day's sales?

14,356
Because this is the amount which is actually received by sales

b.What is amount recorded for the day's sales?

14,290
Because this is the amount which has been recorded in the cash register.

c.How should the difference be recorded?

Dr Cash 14,356 
Cr Over/Short 66 
Cr Sales 14,290

d. If a cashier is consistently over or short what action should be taken?

First of all we need to find out that whether the cashier is genuinely making mistakes or there is a case of theft.There would be some close monitoring. If they are just mistakes, maybe some extra mentoring in cash handling would help.

E5-18

Part a and b are informational and thus we dont have to do anything with them.

Part c and d are reconciling terms.

Parts e and f needs entries to adjust the company's books. For e there needs to be a debit to cash for the incorrect amount and a credit for the correct amount. For f there needs to be a credit to cash.

E.
(Dr) Cash in bank $540 
(Cr) Accounts payable $540
$710 - $170

F.
(Dr) Bank charges $50 
(Cr) Cash in bank $50

Bank reconciliation:
Cash balance per book $24,010
Add: error $540 
Less: Debit memo $50
Adjusted book balance $24,500

Cash balance per bank $22,750
Add: Deposits in transit $9,100 
Less: Outstanding checks $7,350 
Adjusted bank balance $24,500

Hope you get it.

Get back to me in case you have any doubts.
I would be happy to help.

5 0
3 years ago
What factors are not important in determining exchange rate fluctuations in the long​ run?
Ratling [72]
<span>speculating in currency markets</span>
8 0
3 years ago
System testing:
yarga [219]

Answer:

C) tests the functioning of the system as a whole.

Explanation:

System testing refers to a process in which a complete system is evaluated to make sure that it works properly and fulfills the requirements. According to this, the answer is that system testing tests the functioning of the system as a whole.

The other options are not right because system testing doesn't separate components or programs as it involves the actual evaluation of the whole system to find defects and it is done before the acceptance testing.

3 0
3 years ago
Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of
brilliants [131]

Answer:Therefore amount of deductions allowable in year of installation = $7,808

Explanation:

Deductions  entitled in the year of installation of pool  =Cost of installing pool -insurance cost - the increase in property value

=$19,520- $4,880 -$6,832

=$7,808

Therefore amount of deductions allowable = $7,808

4 0
3 years ago
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