If the government raises the excise tax of the product then supply curve tends to shift leftwards. Therefore, The above statement is false.
<h3>What is Supply Curve?</h3>
The supply curve refers to the graphical representation of the supply and the prices of the commodity. It tells how the supply of the commodity affects the prices of the product.
The complete question is attached below.
According to the above situation, when government increases the taxes of the gallon of gasoline then the supply curve will shift leftwards as the supply decreases.
It will lead to the increment in the level of the prices as the demand of the product will fall. Therefore, the above statement is false.
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Answer: implicit liabilities will increase.
Explanation:
Implicit liabilities are incurred by government as a result of them having to take care of their citizens. Medicaid is one such liability.
If the government were to expand the percentage of people in the country that are to be covered by medical aid, this would mean that more Medicaid will be paid by the government which means that the implicit liabilities will increase.
The following is not an allowance provided to expatriates is eldercare allowance. Thus option d is correct.
<h3>
What are expatriates?</h3>
Expatriates are defined as a person who temporarily or for job purposes resides and/or works outside of their country of citizenship.
It can also be defined as a person who relocated permanently or for an extended length of time from their place of origin to another country.
Allowance is defined as a set sum of money provided by employers to staff members to cover costs above and beyond basic pay.
It can also be defined as a quantity that is allowed or permitted in accordance with a set of guidelines or for a specific reason.
Thus, the following is not an allowance provided to expatriates is eldercare allowance. Thus option d is correct.
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Answer:
E. Competency
Explanation:
Competency is the ability to carry out a task or production process efficiently i.e achieving a level of maximum productivity with little or minimal wasted effort or expense.
The action of Mercedes - Benz made the production process more efficient as it is providing the customers with what they want and also doing it well within a short period of time and minimal waste of resources.
Answer:
a. physical deterioration.
Explanation:
Depreciation is the decrease or loss of value of an asset. Money, plants and machinery are subject to a decline in value due to various reason. Appreciation is gain in value and therefore, an opposite of depreciation.
Physical depreciation is the loss of value due to aging, or wear and tear. It arises from the usage of the asset or collusion. Physical depreciation is naturally occurring. It begins as soon the asset is purchased and placed under its intended use.
The cost of depreciation is the difference between an assets cost price and the estimated value after wear and tear.