Answer:
Parties
Explanation:
The parties are the political groups that are formed by people that have the same positions. The parties present their candidates for election, they help organize the political campaigns to get votes, try to promote the interests of their voters and at the end, their goal is that their candidates win the elections to be able to implement their ideas.
According to this, the answer is that championing ideas, selecting candidates, mobilizing voters, organizing post-election activities, and integrating new voters into the political process are the major jobs of the parties as these groups share an ideology and they pick candidates and help organize campaigns attracting voters to win elections and get their ideas in the government.
Answer:
Yes because a person with a lower income may tend to spend a greater share of his income on gasoline
Explanation:
For example, if a low income individual earning $1000 and a high-income person who earns $2000 each purchase 12 gallons of gasoline, the taxes on this purchase will consume a larger portion of the low-income person’s earnings than that of the high-income person. Assuming a tax rate of 5% of earnings multiplied by 12 Gallons.
Low income individual earnings after tax deductions= $400
High income individual earnings after tax deductions= $800
Answer:
b. elastic, and her demand curve would be relatively flat.
Explanation:
he elasticity of demand is a term that describes the degree of responsiveness of demand due to changes in price. Elastic demand is when demand for a good or service is sensitive to changes in price. A small change in price results in a significant change in the quantity demanded.
Maxine has elastic demand for chai tea. A small decrease in the price of $1 ( 20 percent ) causes the demand to rise by 50 percent. The demand curve for an elastic product is relatively horizontal. It may be referred to as flat. The price is indicated on the Y-axis and the quantity of the X-axis. A small movement of the Y-axis big reaction on the X-axis tilting the demand curve to a horizontal shape.
The implicit cost is $61,000.
<h3>What is the implicit cost?</h3>
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
When you decide to start the business, you forgo the amount you earned from your job and the interest you were earning.
$60,000 + 1,000 = $61,000
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it contains four elements:<span>
<span>the product or service </span>
<span>the customer </span>
the benefit
<span>the distribution</span></span>
