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lisov135 [29]
3 years ago
9

Assume the MPC is 0.6. If government were to impose $10 billion of new taxes on household income, consumption spending would ini

tially decrease by
Business
1 answer:
mihalych1998 [28]3 years ago
4 0

Answer:

$6 billion

Explanation:

Calculation to determine what consumption spending would initially decrease by

Using this formula

Decrease in Consumption spending=MPC * New taxes on household income

Let plug in the formula

Decrease in Consumption spending=0.6*$10 billion

Decrease in Consumption spending=$6 billion

Therefore consumption spending would initially decrease by $6 billion

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Answer:

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Knowledgeable user is a term that refers to particular users of a specific product, that must possess certain qualifications to use that specific product. In the case of knowledgeable users, the manufacturer of the product is not require to warn these users about the dangers of using their product.

In this case, Stan as an air conditioning and heating technician should know about the dangers of using electrical thermostats because of his profession.

5 0
3 years ago
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4 years ago
ECONOMICS, PLEASE HELP.
Nina [5.8K]

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This applies to question C as well. Look at the first column, find the rent, and see if there is more supply or more demand.


3 0
4 years ago
Which of the following is a dimension of national culture?
BartSMP [9]

Answer:

(B) Uncertainty avoidance.

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Uncertainty avoidance is one of the dimensions of national culture.

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People in cultures with high uncertainty avoidance try to reduce the occurrence by implementing rules and regulations while those in cultures of low uncertainty avoidance feel more comfortable and have no need to implement many rules.

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Product modification occurs even when changes are made to a product's aesthetic appearance rather than its quality and functiona
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