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3 years ago

Evaluate the economic consequences of increasing progressive taxes in order to redistribute income (6)

Business

1 answer:

Troyanec [42]3 years ago

4 0

Answer:

Increasing progressive taxes in order to redistribute income may be seen as a fair and noble thing, but such measure may have several unintended consequences.

Explanation:

One consequence is that if taxes are raised too high on the highest earners, these people may simply leave the country for another one where taxes are lower. Wealthy people have the means to do so in the modern economy.

Another consequence would occurr if the taxes are raised too high on corporations. Corporations may either leave the country as well, or pass through the higher costs to the consumers.

All in all, progressive taxation is seen as a fair system by many economists, but it should be implemented with care, and by making cost/benefit analysis first.

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Which countries signed in the North American Free Trade Agreement in 1992?

TEA [102]

The correct answer is Canada, the United States, and Mexico

Explanation:

The North American Free Trade Agreement or NAFTA was an economic alliance between three important countries: Canada, the United States, and Mexico (main countries in North America). Additionally, the purpose of this alliance was to facilitate trade between these countries, and in this way promote the development of the economy in these territories. In terms of history, all countries signed for the agreement in 1992, but the alliance was official only in 1993 because of the opposition of some citizens and groups. Thus, in 1992 Canada, the United States, and Mexico signed this agreement.

4 0

3 years ago

Long-term investments that cost the company $25 were sold during the year for $54 and land that cost $53 was sold for $28. In ad

adell [148]

Answer:

Explanation:

Long-term Investment cost = $25

Long-term Investment sales value = $54

Gain from Long-term Investment = $(54-25) = $29

Land cost = $53

Land sales value = $28

Loss from sale of Land = $(28-53) = -$25

Cash Dividend paid = $22

Total change in Assets = $(29-25) = $4

Total change in Equity = -$22

6 0

3 years ago

In evaluating independent projects, no incremental analysis is necessary between projects. Each project is evaluated separately

fenix001 [56]

TRUE

<u>Explanation:</u>

The correct answer is true as the independent projects are selected based on the net present worth and the rate of return and do nothing alternative. In the independent projects, there is no need for the incremental B/C analysis. Simple B/C ratio will do it. If the B/C > 1, benefits outweigh the costs and the project is selected provided that there is no budget limitation. Thus, the given statement is absolutely the true one.

6 0

3 years ago

____ refers to experimenting with work first and then deciding on a path instead of doing all the ethical considering up front.

Vlad1618 [11]

The answer to this question is Millenial
Millenials refers to the group of people that enter adulthood in early 21st centuries. This group of people tend to seek work-life balance in choosing their careers, which led many of them to job-hopping from one place to another if they feel that the workplace is not suitable/ideal for their ethical and values.

4 0

3 years ago

Using the Online Self Study Certifications table, answer the following question: At what individual price would revenue be maxim

Leona [35]

The individual price where the revenue would be maximized for the Certification in Online Counseling is <u>$190</u> with total revenue of $190,000.

<h3>What is total revenue?</h3>

The total revenue is a function of the units sold and the unit price.

To calculate the total revenue for each segment, the sales units per segment are multiplied by the segment's price.

TR = P * Q or Total Revenue = Price * Quantity.

<h3>Data and Calculations:</h3>

Online Self Study Certifications for Social Work License

Certification Certification Bundle

Customers in Online Counseling as a Group

Home Counselor

TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 $190,000 $70 $70,000 $260 $260,000

Segment 2 1000 $150 150,000 $90 90,000 $240 240,000

Segment 3 1000 $95 95,000 $160 160,000 $255 255,000

Segment 4 1000 $35 35,000 $195 195,000 $230 230,000

Learn more about calculating total revenue at brainly.com/question/25623677

#SPJ1

<h3>Question Completion: </h3>

Online Self Study Certifications for Social Work License

Certification Certification Bundle

Customers in Online Counseling as a Group

Home Counselor

TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 $70 $260

Segment 2 1000 $150 $90 $240

Segment 3 1000 $95 $160 $255

Segment 4 1000 $35 $195 $230

Required:

At what individual price would the revenue be maximized for the Certification in Online Counseling?

5 0

2 years ago