Answer:
amount by which the payment to a factor of production exceeds the supplier's opportunity cost.
Explanation:
Economic rent is payment to a factor of production that exceeds the cost of using the factor of production.
Answer:
D. Budget
Explanation:
Pat has Been riding informal proposals for more than 20 years. Pat feels that many people forget the call for action and present the reader with the offer prior to signing a binding contract.
This offer prior to signing a binding contract is a form of background work not an introduction neither is it request for authorization or budget.
It's not in the protocol of contract signing but it's a special way to have your contract signed.
Answer:
- Aggregate demand would have decreased
Explanation:
According to the traditional economic theory and the IS-LM model: As people will deposit more money to earn interest rate aggregate demand would have decreased
. Increase in money demand increases interest rate that decreases aggregate demand.
The most important tax rate for determining an individual's incentive to work is the margnal tax rate.
<h3>What is a tax?</h3>
Tax refers to the compulsory financial charge or levies on an individual or entities by governments in almost every country of the world.
Tax is a tariff or duty that is the revenue of the government which is levied by it on the income of the workers, business profits, and also added to goods and sevices.
A tax rate is the rate or a percentage at which an individual or corporation is taxed. Basically, there are two types direct taxes and indirect taxes.
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Answer:
In 1982, he decided he would commit to giving away his billions during his lifetime. He is broke now. Gave away and donated over $8million. His motto was "giving while living "
Explanation:
