Answer: It's true, this is an example of consumer misbehavior, however there are some factors to consider.
Explanation: Although it is pretty evident that Michelle bought the dress in the first place because she liked it, what was done afterwards can be labeled as misbehavior for her plan to have the money back despite the article she already used for the ocassion she planned to attend with it. However, the cashier plays his/her part with the story because there is no evidence of refusal coming from what Michelle intends to do.
Answer: Economic growth will be negatively affected as there will be a decline in the demand for goods and services.
Explanation:
Economic growth is the increase in the output of goods and services in the economy. A consumption tax on goods consumed would lead to an increase in price which in turn, leads to a fall in the real income of comsumers.
The fall in real income of consumers will lead to reduction in the demand of goods which will also lead to the reduction in the GDP of a country.
Answer:
tariffs are those taxes which are imposed by the government on the goods which are imported from another country.
duties are taxes that are imposed on the consumer not only for goods imported but also for local goods as well as intrastate transactions.
Explanation:
