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Hitman42 [59]
3 years ago
9

On which of the following goods or services might a tax increase be hardest to pass on to consumers? A) automatic car washes

Business
2 answers:
dsp733 years ago
7 0

Answer:

A) automatic car washes

Explanation:

Passing taxes to consumers will be easier for those goods that are essential to everyday life, such as medicine, food, and even gasoline. However, in the case of goods that consumers are not fully dependent on, such as car washes, increased taxation may decrease demand as this type of good or service can be replaced. Consumers themselves may decide to wash their cars if the price of washing is increased.

alexandr402 [8]3 years ago
3 0
It would be hardest to pass a tax increase on A. automatic car washes, because car washes are relatively more elastic than other products mentioned, so consumers would like this change the least.
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Consider the following spot interest rates for maturities of one, two, three, and four years. r1 = 4.1% r2 = 4.5% r3 = 5.2% r4 =
Nuetrik [128]

Answer:

Consider the following calculations

Explanation:

According to this general formula

f1,k = [(1+rk+1)k+1/((1+r1)]1/k -1

f1,1 = [(1+ 4.9%)1+1/((1+4.4%)]1/1 -1 = 5.40%

f1,2 =  [(1+ 5.6%)2+1/((1+4.4%)]1/2 -1 = 6.21%

f1,3 =  [(1+ 6.4%)3+1/((1+4.4%)]1/3 -1 =7.08%

4 0
3 years ago
Suppose you examine the central bank’s balance sheet and observe that since the previous day, reserves had fallen by $100 millio
aksik [14]

Answer:

The Central Bank is trying to increase money supply.

Explanation:

When the Central Bank makes moves to increase reserves, it means that it is simply trying to mop up excess cash from the economy to fight inflation. Spiking inflation means that the power of a currency is gradually being eroded. The Central Bank cannot allow this to happen so it hits the "Reduce Money In Circulation" button. It does this by reviewing upwards, the money reserves which commercial banks must hold with the Central Bank.  

It can also increase the rate at which it lends to the Commercial Banks and Investment houses. Commercial Banks, in turn, transfer the additional cost of borrowing to businesses who will seek loans. This slows down the rate at which money is pumped into the economy.

In the question, however, we notice that the Central Bank has enervated its reserves. This means that it is pumping more money into the economy. This economic move may have been executed to prevent the economy from slipping into a recession or simply to stimulate the economy.

In the short run, increased money supply means, businesses have more access to funds from commercial banks. More funds mean, more investment. Increased investment spending means the businesses will need to expand operations, hire more staff, and the multiplier effect goes on and on.

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6 0
3 years ago
When a supplier is restricted to operating during certain hours, which in turn limits its quantity supplied, the elasticity of s
enyata [817]

Answer:

C. less than 1

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Supply is elastic if producers can increase output without a rise in cost or a time delay which means Price elasticity of supply is more than 1.

Supply is inelastic if producers find it hard to change production in a given time period which means Price elasticity of supply is less than 1.

When Price elasticity of supply equals 0 then supply is perfectly inelastic.

4 0
3 years ago
An example of form utility is when a customer gives cash in exchange for a pair of
Mandarinka [93]
The answer to your question is true
6 0
3 years ago
Sally wanted to replace the old carpet in her home. She entered into a contract with Good Carpet Co. for the purchase and instal
Olin [163]

Answer:

B)  The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

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The contract doesn´t include in its mayor part provision of services. And Sally wanted to sue Good Carpet for the services that they provided, not for the good it sells.

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3 years ago
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