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Answer:
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Explanation:
Subsidies are government financial aid given to businesses meant to help lower their costs or stimulate the economy. Transfer payments are government payments in which the government takes money from one group and gives it to another
The answer is <em>Sales Tax</em> can be described as Indirect and Regressive. It is indirect because the retribution that the consumer is going pay is collected by the seller, who acts as an intermediary between the people and the government and then is handed to the government (contrary to the direct type in which the taxation amount goes directly into the government's arks).
This type of system is also regressive because it doesn't change (increasing or decreasing) according to the payer's income. Instead, it puts a heavier contribution load on the people with lower incomes, and not on the rich and more wealthy part of the population.
Answer:
E) marginal; marginal
Explanation:
The diamond-water paradox is also known as the "paradox of value".
In this paradox it is argued that water which is an essential thing for human survival and is so important to human, is offered no value in the market. Whereas diamond which is just a precious stone and is not an essential thing in human's life is valued so much and has great value in the market than water.
So the diamond-water paradox provides the solution that those things having high values in usage have low prices in the market because they are consumed at low marginal utility. And those things which have low value in usage sometimes have high prices in the market because they are consumed at high marginal utility.
Hence he answer is
E) marginal; marginal
