Answer: a decrease in government expenditure and an increase in taxes by a decision of Congress; a decrease in transfer payments and an increase in taxes with no interference by Congress (D)
Explanation:
Discretionary fiscal policy is a government policy that changes government spending or taxes. The purpose of discretionary fiscal policy is to either expand or shrink the economy. It needs approval from the Congress and President. Its examples are increases in spending on bridges, roads, stadiums etc.
Automatic fiscal policy use spending in the form of taxes and transfer payments to automatically steady the economy. An example is when unemployed become eligible for the unemployment benefits after when losing their jobs during a recession.
Answer:
A) Allowance of a credit for child care expenses - child care is an important part of social policy, and many experts argue that it should be free in order to promote healthy demographics and social cohesion.
C) Allowing accelerated amortization for the cost of installing pollution control facilities - this would make said pollution control facilties cheaper, and less pollution is a social concern and a social policy because it benefits society as a whole. (Pollution is the most common example of externality).
D) Allowing a Federal Income Tax deduction for state and local taxes - as long as these deductions are applied progressively, ideally, only to poor people.
When it has a strong demand from consumers and slightly more supply then it's demand. And of course, if the company is more famous, provides good quality service, and has little down peak of it's business.
I hope it helped you!
A free trade agreement or treaty is a multinational agreement according to international law to form a free-trade area between the cooperating states
Answer: $30
Explanation:
Given that,
Average variable cost (AVC) = $25
Average fixed cost (AFC) = $5
Marginal cost (MC) = $30
Average total cost (ATC) = Average fixed cost (AFC) + Average variable cost (AVC)
= $5 + $25
= $30
Therefore, average total cost is the sum of average fixed cost and average variable cost. Alternatively, average total cost is calculated by dividing total cost to units of output produced.
