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joja [24]
3 years ago
10

Some economists believe that permanently lower marginal income tax rates __________ the incentive to work and thus shift the ___

_______. Question 21 options: increase; LRAS curve to the right increase; AD curve to the right increase; SRAS curve to the left decrease; LRAS curve to the right decrease; AD curve to the left
Business
1 answer:
gtnhenbr [62]3 years ago
6 0

Answer:

The answer is "increase; LRAS curve to the right".

Explanation:

The curve LRAS represents the flow between all the level of wages and economic GDP supplied because all prices are fully flexible, also with nominal salaries; its cost may change all along LRAS, however, the output cannot, as it represents the complete output of workers, that's why the several economists say that lower marginal rate consistently increases the motivation to work, shifting the LRAS curve to the left.

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If the consumption of a product or service involves external benefits, then the government can improve efficiency in the market
likoan [24]

Answer:

b. providing a subsidy to correct for an underallocation of resources.

Explanation:

When the external benefit of an activity exceeds cost, the activity generates postive externality.

Activities that generate positive externality are usually under produced usually because of the high cost of production . Government can encourage production of activities that generate positive externality by giving subsidy which reduces the cost of production and increases production.

I hope my answer helps you

8 0
4 years ago
Record the following transactions for Lett Company. (Credit account titles are automatically indented when the amount is entered
natta225 [31]

Answer:

The journal entries are shown below:

Explanation:

The journal entries are as follows

On August 4

Account Receivable   $610

    To Sales Revenue       $610

(Being the goods sold on credit basis is recorded)

On August 7

Sales Return and Allowances   $60

      To Accounts Receivable   $60

(Being the sales allowance is recorded)

On August 12

Sales Discount      $11    

Cash $539

   To  Accounts Receivable  $550

(Being the amount paid is recorded after considering the 2% discount

4 0
3 years ago
An author can register his or her copyright application with the
Anettt [7]

Answer:

You can submit a copyright application through www.copyright.gov or through a paper application.  I think answer would be registration record

Explanation:

7 0
3 years ago
Suppose that you read in The Wall Street Journal that a bond has a coupon rate of 9 percent, a price of 71 3/8, and pays interes
olga nikolaevna [1]

Answer:

This question is missing the options given below:

A. 11%

B.13%

C. 15%

D. 17%

E. 20%

The correct answer is option B,the bond current yield is 13%

Explanation:

Bonds Current Yield = Year one cash flow / Current  Price x 100 = 9 / 71.375 x 100 = 12.60% or approximately 13%

Note that 71 3/8 is the same as 71.375% as 3/8 gives 0.375 and when added to 71% gives 71.375%

The year cash flow is calculated as :9% of bond par value($100)=$9

8 0
3 years ago
If retail stores experience a decrease in revenues during this holiday season, then either attitudes toward extravagant gift giv
Olin [163]

Answer:

The statement is: True.

Explanation:

Several factors influence the revenues of a business. <em>Change in consumers' patterns</em> is one of them. Individuals' behavior, needs, and expectations are not static. They vary over time. Firms must be aware of what tendencies are in the market to keep up with the changes. Otherwise, a company can lose its market share because of not knowing what is driving consumer purchases.

Another factor influencing institutions' profits is<em> consumer income</em>. If income decreases or if price rises but income keeps the same level, consumers will lose purchasing power decreasing the quantity demanded in different products which are translated in losses for companies.

5 0
3 years ago
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