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dexar [7]
3 years ago
10

Emily and Betsey are economists. Emily thinks that the wealthiest 10 percent of the U.S. population should be taxed a rate highe

r than the rest of society because they can better afford it. Betsey thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success. In this example, Emily and Betsey:______
Business
1 answer:
zysi [14]3 years ago
4 0

Answer: b. have different normative views about tax policy.

Explanation:

Economists follow different theories and principles on how the world should be so most times they will disagree with each other on key issues such as taxation and government intervention in markets.

Emily and Betsy both believe in different taxation policies which means that they have different views on how people should be taxed in an economy with one of them believing in a proportional tax regime (Betsey) and the other believing in a progressive tax regime (Emily).

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Based on what we have learned about shortages and surpluses in a market, which one do you think is more harmful to the overall e
charle [14.2K]

Answer:

A surplus of a good

Explanation:

Although we think that having a lot of something sounds like a good idea that is not always the case. Sometimes its better to have less of an item but therefore sell it for. For example when there was a shortage of hand sanitzer, masks and toilet paper people bought more of it for a higher price because they were afraid not to have enough. A surplus can take up a lot of storage and use up a lot of money. For example if a car manafacturer has a surplus of cars they are just sittinng there taking up space in a lot that needs to be payed for and mantained. I find it is especially bad if there are lot of that item and people are not interested in purchasing it. The company would be losing money because they would be most likely selling it at a lower price. Therefore the economy would be losing money while during a shortage they would be gaining money.

4 0
3 years ago
A company purchased land for $96200 cash. Real estate brokers' commission was $3300 and $7200 was spent for demolishing an old b
liq [111]

Answer:

c. $105200.

Explanation:

Cost of land = $96,200

Real estate brokers' commission = $3300

Cost of demolition of old building = $7200

Proceed from salvage of demolition = $1500

Cost of land to be recorded using historical cost principle

= $96,200 + $3300 + $7200 - $1500

= $105,200

Option c. $105200 is right.

6 0
4 years ago
3 Points
Maslowich

Answer:

C. An auction market

Explanation:

Option A is wrong because merchant wholesalers purchase any products directly from the manufacturers and sell those to the retailers, or consumers. In that case, buyers and sellers do not need to come together to complete a transaction.

Option B is incorrect as the warehouse club is recognized as a retail store where customers can purchase bulk products to reduce the expenses. In that case, only sell is the motive.

Option D is wrong because drop shippers cannot hold the inventory to their stocks. Therefore, customers and manufacturers will not come together.

<u><em>Option C</em></u> is correct because, in an auction market, the buyer and the seller have to come at the same time to complete a transaction. In that market, the buyer will directly negotiate with the seller to purchase a product or something else.

5 0
4 years ago
Read 2 more answers
As a small business owner, Jasmine can't afford to provide her employees with the high wages and benefits offered by big corpora
marusya05 [52]

Answer:

The correct answer is letter "C": empower her employees to develop their own ideas.

Explanation:

Providing employees with higher wages or training are not the only forms to keep them engaged with the company. Some workers look for self-development and obtaining expertise with a job. Thus, <em>organizations should also focus on empowering employees by giving them more responsibility at the moment of making decisions on their day-to-day duties. By keeping them motivated employees are likely to be more productive.</em>

4 0
3 years ago
81) When a seller advertises an item at a low price but once in store pushes a similar item at a higher price, the seller is par
storchak [24]

Answer:

E) bait and switch

Explanation:

BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.

Example a seller may advert a quality Italian shoe with a low price of $50 in order to deceive a buyer or customers to their place of business by then selling a similar product of shoe that looks like the one advertise by them to the customer at a higher price of $300.

5 0
3 years ago
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