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aksik [14]
3 years ago
15

Higher income taxes cause a ____________ shift of the labor supply curve, which then produces __________ Real GDP. a. leftward;

more b. rightward; less c. rightward; more d. leftward; less
Business
1 answer:
TEA [102]3 years ago
5 0

Answer:

Option (d) is correct.

Explanation:

If there is an increase in the income taxes then as a result there is a leftward shift in the labor supply curve and we know that labor supply curve indicates the the amount of labor hours workers devoted towards the production of the goods. Hence, this will lead to a reduction in the real GDP as there will be less working hours devoted by the workers because of the higher income taxes.

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Matilda just graduated from college. In order to devote all her efforts to college, she didn’t hold a job. She is going to tour
Minchanka [31]

Answer:

Matilda is going to tour around the country on her motorcycle for a month before starting to look for work. Other things remain the same, the unemployment and the labor-force participation rate are both unaffected, Option D.

Explanation:

Labor-force participation rate is the 'percentage' of population that is economy's active workforce or the ones that are looking for work actively or are working. It is an important labor market measure.

Unemployment rate is the percentage of people who have no job. Workers that are discouraged reduce the labor force participation rate in case the unemployment is very high. In Matilda's case, she seems to be serious for her studies in college as she devoted all her efforts in college initially. Since she is going for a motorcycle tour before starting work, both unemployment and labor force participation rate remain unaffected as she is not actively looking for work and has just graduated.

3 0
3 years ago
The fact that universal technical standards for the internet and electronic commerce exist lowers ________ costs, making it chea
olasank [31]

The fact that universal technical standards for the internet and electronic commerce exist lowers market entry costs, making it cheaper for merchants to sell their goods.

The universal technical standards of the web and e-commerce greatly lower market entry costs- the value merchants must pay simply to bring their goods to promote.

At the same time, for consumers, universal standards reduce search costs- the hassle required to seek out suitable products when businesses sell products, services or information to consumers.

Internet technology reduces information costs and raises quality of knowledge, enabling price transparency (the ease for consumers of finding a spread of prices) and price transparency (the ability of consumers to work out the particular costs of products). data to execute these transactions.

As social bookmarking systems are growing in popularity, search algorithms are developed that transfer the concept of link-based rankings within the Web to a social bookmarking system's organization. These rankings differ from traditional program rankings therein they incorporate the rating of users.

A universal standard means the standards that are shared by all nations round the world. The universal technical standards of e-commerce are a greatly lower market entry cost, which suggests the merchants must pay the prices of the products that they create to the market.

learn more about universal standard: brainly.com/question/14971225

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3 0
2 years ago
Discount-Mart issues $10 million in bonds on January 1, 2018. The bonds have a ten-year term and pay interest semiannually on Ju
Ostrovityanka [42]

Answer:

6%

Explanation:

Given the following :

Amount of bond issued = $10,000,000

Cash paid = $300,000

Term of bond = 10years

Semiannual interest pay

The stated annual rate of interest on the bond can be calculated thus :

Rate of interest ;

Cash paid / Amount of bond issued

$300,000 / $10,000,000

= 0.03

0.03 * 100%

= 3% (semiannual interest)

Therefore, annual rate of interest :

Semiannual rate * 2

3% * 2 = 6%

4 0
3 years ago
If the economy is experiencing less than full-employment, what does it imply?
a_sh-v [17]

Answer:

It implies that the economy is in recession. Less than full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is lower than that same economy's long-run potential real GDP

4 0
3 years ago
Read 2 more answers
What is the value of an annuity due at the end of 15 years of quarterly deposits of $2,000.00 with terms of 8 percent compounded
yan [13]
2,000×((((1+0.08÷4)^(4×15)
−1)÷(0.08÷4))×(1+0.08÷4))
=232,665.14
7 0
4 years ago
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