Answer:
The answer is: is the total satisfaction derived from the consumption of given quantity of a good.
Explanation:
Utility is the value or satisfaction received form consuming a product or service.
Total utility is the total satisfaction received from consuming a given amount of units of a product or service.
While marginal utility is the satisfaction we receive from consuming an additional unit of a product or service.
Worried by falling stock prices and plunging sales, cigarette makers are lobbying hard to prevent the government from hiking excise duty for the third straight year.
Industry body, The Tobacco Institute of India in its budget submission to the finance ministry has requested the government to maintain the current duty on cigarettes and reduce duty on the smaller size sub-65 mm length filter to Rs 200 per thousand sticks from Rs 669 per thousand cigarettes to allow the industry
Answer:
• The Fed decreases the discount rate
•The Fed encourages government spending and lowering taxes
•The Fed follows an easy monetary policy
Explanation:
The Fed uses the following to stimulate an economy;
• The Fed decreases the discount rate. Discount rate is a measurement of credit conditions in an economy. If the Fed decreases the discount rate, the excess reserves of the commercial banks with the regulatory agency increases hence enable them to charge lower rates on loan given to people which also expands money supply.
•The Fed encourages government spending and lowering taxes. When government spends, such will stimulate the demand for goods and services, which will bring about employment and increase output. Lowering taxes will enable people have higher disposable income which will enable them to spend more.
•The Fed allows an easy monetary policy. Monetary policy is a policy used by the government of a country to control the supply of money in an economy. To stimulate growth in an economy, the Fed allows an easy monetary policy thereby increasing the volume of money in circulation. Tools of monetary policies are Open market operation, bank reserve requirements, lending directly to banks etc.
Answer:
supply-side economist
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
Supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.
This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.
Generally, supply-side economist are of the opinion that one of the best way to grow a country's economy is by introducing tax cuts so as to increase the incentive for households to work and invest.
However, these tax cuts might initially cause the budget deficit to rise, supply-side economist are convinced that the consequent economic growth will give rise to an increase in government tax revenue.
Hence, Nancy is best described as a supply-side economist in this scenario.
Andrew Carnegie , promoted this same theory hope this helps