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Mrac [35]
3 years ago
13

Which resource allocation strategy is least likely to be used in Wrightland?

Social Studies
1 answer:
notsponge [240]3 years ago
4 0

Compare and Contrast strategies for allocating scarce resources, such as by price, majority rule, contests, force, sharing lottery, authority, first-come-first served, and personal characteristics.

Allocative efficiency represents the most efficient allocation of scarce resources for an economy in the sense that, for any combination of scarce resources, the production of goods and services that occurs is most valued by society.

<em>Hope</em><em> </em><em>it</em><em> </em><em>helps</em><em> </em><em>uh</em><em>!</em><em> </em>

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While the Constitution grants Congress the power to tax income, it does not define the term. b. The Supreme Court has held that
77julia77 [94]

Full question:

Indicate whether the following statements are "True" or "False" regarding the concept of gross income.

a. While the Constitution grants Congress the power to tax income, it does not define the term.

b. The Supreme Court has held that there is no income subject to tax until the taxpayer has recovered the capital invested.

c. Economists measure income (economic income) by first determining the fair market value of the individual's net assets (assets minus liabilities) at the beginning and end of the year (change in net worth).

d. Accounting and tax rules regarding income are the same.

e. The accounting concept of income is founded on the realization principle.

f. Gross income is not limited to cash received.

Answers:

a. True

b. True

c. True

d. False

e. True

f. True

Explanation:

1.The constitution of the United States allows for power to tax income however it doesn't define tax.

2.income is not subject to tax until there is profit from capital invested as ruled by the Supreme Court of the United States

3. Measurement of income in Economics involves applying the concept of fair value to measure income at the beginning and end if the year and notice any changes that may have occurred

4. Accounting and tax rules regarding income are not the same. Accounting however complies with tax rules for accounting purposes.

5.the realization principle involves income earned or losses incurred(not necessarily received in cash or given out)

6.Gross income encompasses all(recognizable) earned income for the period(cash or not)

4 0
2 years ago
Even though scientists can predict when and where tornadoes may occur, why do these storms still catch people by surprise?
Elenna [48]

Answer: because like on the news they use a temperature but you can’t use the temperature thing for storms :p

Explanation:

8 0
2 years ago
Teaching for _____________ means confronting the inequities of society and working toward eliminating them.
sdas [7]
Is social justice the answer?
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Dinesh takes a look through his office desk and makes a mental note of the supplies he needs to replenish. On the way to the sup
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Answer:

The correct answer is the Primacy effect.

Explanation:

The primacy effect is part of the memory in some individuals in which the person takes a list of things to remember, but only grasps the first items in the list and the things that are in the middle or at the end are forgotten.  This is the contrary of the recency effect in which the individual only remembers the last items.

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3 years ago
Which contra borders both China and South Korea
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North Korea is the country that borders both China and South Korea.
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3 years ago
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