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Lelu [443]
2 years ago
7

Joe and Fred are economists. Joe thinks that the wealthiest 10% of the US population should be taxed a rate higher than the rest

of society because they can better afford it. Fred thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success. In this example, Joe and Freda. disagree about the validity of a positive theory.b. have different normative views about tax policy.c. must both be incorrect because tax policy is never that simple.d. None of the above is correct.
Business
1 answer:
Sonja [21]2 years ago
6 0

Answer:

B

Explanation:

Normative views are characterized for giving personal opinions in a subjective way about what something should really be. In this case, Joe thinks (subjective opinion) that the wealthiest 10% of the US population "should" be taxed and Fred thinks (subjective opinion) that everyone "should" be taxed.

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3 years ago
Which of the following is a characteristic of a partnership? a.The partners have limited liability. b.The partnership is subject
Ulleksa [173]

Answer:

The correct answer is letter "C": The partnership has a limited life.

Explanation:

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3 years ago
Which best describes the Business, Management, and Administration career cluster? These are careers that are focused on running
umka21 [38]

Answer:

These are careers that are focused on running businesses.

Explanation:

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3 0
3 years ago
Read 2 more answers
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of ea
Westkost [7]

Answer:

See answers below

Explanation:

1 The predetermined overhead rate

= Cost of manufacturing overhead / Cost driver.

Where cost driver

= labor cost / labor rate

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= 19,200 hours

Expected overhead

= depreciation + supervisor + supplies + property tax

= 56,500 + 140,000 + 46,400 + 27,750

Total overhead = 270,650

Overhead rate = 270,650 / 19,200

= 14.10 per hour

2. The amount t of applied overhead for of 18,500 actual hours were worked on

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= $260,850

7 0
3 years ago
Which policy involves working closely with allies to come up with a unified plan of action?
Lyrx [107]
Multilateralism is the policy that involves working closely with allies
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