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Ivenika [448]
3 years ago
10

National defense is a good that is nonexcludable and nonrival in consumption. Suppose that instead of national defense being pai

d for with tax dollars national defense is paid for by voluntary contributions from (potentially) all individuals within Latvia. Cedric, who is a Latvian citizen, must decide whether he wants to contribute to the national-defense budget. Further, suppose that there are a total of 10 citizens, including Cedric. For the optimal amount of safety, each citizen should pay $10$10 . Every $1$1 contributed (by anyone) to the national defense leads to increased security, which each person values at $0.20$0.20 . This means that every dollar spent on defense is worth $2.00$2.00 to Latvia as a whole. How much does Cedric personally value the increase in national defense when he contributes $10$10 to the defense fund? Cedric's personal value: $ If contributions are voluntary, and assuming people rationally maximize their utility, what is the total contributed to national defense? total contributed voluntarily: $ Suppose that instead of relying on voluntary contributions the government simply levies a tax of $10$10 on each person to pay for national defense. How much better or worse off would Cedric be if everyone (including himself) were taxed $10$10 instead of contributing voluntarily? If Cedric is worse off, be sure to put a negative sign in front of the number. Cedric's gain or loss under tax: $

Business
1 answer:
ElenaW [278]3 years ago
3 0

Answer:

Explanation:

find the attached document below

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The ________ mark is a certification that is granted to products that are determined to promote sustainable farming and provide
DaniilM [7]

The word referred to above is called the Fairtrade Mark. The purpose of this mark is to enable consumers to encourage sustainable farming practices by buying produces that has such a mark.

<h3>Who issues the Fairtrade Mark?</h3>

The Fairtrade Certification which is issued by a third-party auditor called FLOCERT is used to identify companies that have manufactured products that comply with Fairtrade's international standards.

The Fairtrade mark standards look at three major areas:

  • Environmental Standards
  • Economic standards
  • Social standards

Please see the link below for more about Fairtrade Mark:

brainly.com/question/797907

3 0
2 years ago
After graduating this May, Dale is planning on buying a new Ferrari for $250,000. He decides to finance his new car with a 5 yea
jek_recluse [69]

Answer:

c) $18,986

Explanation:

The computation of the payment of principal is shown below:

= Annual payment - (Balance of Principal × interest rate)

= $48,986 - ($250,000 × 12%)

= $48,986 - $30,000

= $18,986

We do not consider the time period. Hence, we ignored it as it is not relevant for the computation part.

We simply multiply the principal balance with the interest rate and then deduct it from the annual payment.

3 0
3 years ago
You were recently promoted to a management position at a large department store. One of your new responsibilities is recruiting
Wittaler [7]

Answer:

General mental ability

Explanation:

The job role in this scenario is for Assistant manager position requires someone that can learn quickly and rapidly acquire, process, and synthesize information.

This requires someone with general mental ability.

General mental ability is the skill one posses to easily understand verbal information, process numbers and information, and ability to see logical relationships between different concepts.

Other intelligence types include Spatial-visual intelligence, Logical-mathematical intelligence, Bodily-kinesthetic intelligence

8 0
4 years ago
You are a contracting officer responsible for source selection for a negotiated competitive services acquisition. The estimated
AfilCa [17]

Question Completion with options:

a. Past performance information provided directly by the offeror should not be relied upon.

b. The past performance evaluation satisfies the responsibility determination required under FAR subpart 9.1.

c. Evaluations should take into account past performance information regarding predecessor companies.

d. Offerors with demonstrated past performance that is neither relevant nor recent must not be removed from further consideration for award.

Answer:

The statement that is true regarding the evaluation of the past performance is:

c. Evaluations should take into account past performance information regarding predecessor companies.

Explanation:

It has been established that past performance is the best indicator of future performance.  Past performance can predict future performance, behavior, and success.  Organizations that achieve some good performance in the past build the required confidence, which will help them to forge ahead in the present and future.  This is why in selecting companies for a negotiated competitive services acquisition, even the past performance of predecessor companies should be reviewed to get a better handle on the company's ability to deliver on the projects.

6 0
3 years ago
Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
sattari [20]

Answer:

The formula to calculate the Budget Balance is

Government Income - Government Expenditure

in this case

$1.05 billion - $1.06 billion = -<u> 0.01 billion or - $100 million</u>

Explanation:

A budget balance is reached when a government expenditures are equal to it's income.

In this case, since the country's only source of income it is slightly less than than what is required to run the government, it has a budget deficient.

Since the country does not export or trade with outside countries, the government will need to take out a loan to make up for this deficient.

5 0
3 years ago
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