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masha68 [24]
3 years ago
5

When the government levies a $100 million tax on people's income and puts the $100 million back into the economy in the form of

a spending program such as new interstate highway construction, the Select one: a. tax, then, generates a $100 million decline in national income b. tax multiplier overpowers the income multiplier, triggering a rollback in national income c. effect on national income is uncertain d. level of national income expands by $100 million
Business
1 answer:
Nadusha1986 [10]3 years ago
6 0

Answer: level of national income expands by $100 million

Explanation: The level of National income expands by $100 million. National income which can also be termed GDP(gross domestic product) is the measure of measure of economic production in a country over a specific time.

Increase in GDP is caused by a whole number of factors some of which includes;

*Increase in productivity

*Increase in investment

*Government spending etc.

All the listed above are examples of what the Government has done with the acquired $100 million in tax.

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Market failure associated with the free-rider problem is a result of Group of answer choices a problem associated with pollution
Romashka [77]

Answer:

benefits that accrue to those who don't pay.

Explanation:

Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay. This is because the free-rider problem arises on a shared resource that is created by its overuse by various individuals who are not contributing their fair share for it, yet those very same people are still receiving all the benefits provided by that resource, while others need to pay for it.

7 0
3 years ago
In​ long-run equilibrium, all firms in the industry earn zero economic profit. Why is this​ true? All firms in perfectly competi
zvonat [6]

Answer:

D. if profit were​ positive, then firms would​ enter, decreasing​ price, and if profit were​ negative, then firms would​ exit, increasing price.

Explanation:

Perfectly competitive firms are price takers, hence they cannot influence the price of their products.

Perfectly competitive industries have no barriers to entry or exist of firms ,so if in the short run, firms are earning economic profit, then firms would​ enter into the industry , decreasing​ price, and if profit were​ negative, then firms would​ exit, increasing price. This makes perfect competitive firms to earn zero economic profit in the long run.

8 0
3 years ago
On February 24, 2020, Allison's building, with an adjusted basis of $2,986,000 (and used in her trade or business), is destroyed
astra-53 [7]

Answer:

As a calendar-year taxpayer, Allison must make the new investment by December 31, 2020 to qualify for the nonrecognition election.

Explanation:

a) Data and Calculations:

Adjusted basis of building = $2,986,000

Insurance reimbursement = $3,881,800

Gain from loss = $895,800 ($3,881,800 - $2,986,000)

Investment in new building = $3,493,620

Purchase of stock = $388,180 ($3,881,800 - $3,493,620)

b) Allison is expected to make the election for the nonrecognition of the gain from loss in his Federal Tax return in the taxable year in which the gain with respect to the loss of the building is realized.  The return must set forth the computation of the gain and other required details.

6 0
2 years ago
RST Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory on
-BARSIC- [3]

Answer:

$ 13.17

Explanation:

Data provided :

Material cost in the beginning = $ 126,000

Additional material cost = $ 32,000

thus,

the total material cost = $ 126,000 + $ 32,000 = $ 158,000

Units in the work in progress = 12,000 units

Therefore, the material cost per unit for July = (Total material cost) / (Units being produced)

on substituting the values in the above relation, we get

he material cost per unit for July = ( $ 158,000 ) / ( 12,000 units )

= $ 13.1667 ≈ $ 13.17

6 0
3 years ago
Tom and Jerry have two tasks to do all day: make dishes and build fences. If Tom spends all day making dishes, he will make 16 d
daser333 [38]

Answer:

For Jerry, the opportunity cost of building a fence is not making 2 dishes.

Explanation:

The opportunity cost refers to the benefit you lose when you choose one option over another one. In this case, the opportunity cost for Jerry when he decides to build fences is that he won't be able to make dishes. So, as he can build 7 fences or make 14 dishes in a day, the opportunity cost of building a fence is that he won't be able to make 2 dishes.

6 0
3 years ago
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