If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.
Given that new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup.
We are required to find the effect of 50% tax on soft-drink beverages that contain sugar or high-fructose corn syrup.
When 50% tax is imposed on soft-drink beverages then it will increase the price of soft drink beverages, which will decrease the demand of soft drink beverages because now the drink become costly for the customers to buy.
Suppose the initial price of 1 soft drink is $100.
Now tax is applied so tax would be 100*50%=50
Price after tax=100+50
=$150
Now consumers have to pay $150 for 1 drink in place of $100.
Hence if new york city imposed a 50 percent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.
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"The three types of economic resources are also referred to as factors of production. Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and when you combine all of those you get production.
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Answer:
Option (c) is correct.
Explanation:
Given information states that bananas and tangerines are substitute goods. We know that the cross price elasticity of substitute goods is positive which means that there is a positive relationship between the price of one good and the quantity demanded for substitute good.
Therefore, in our case as the price of bananas increases and all the other factors remains constant then as a result the quantity demanded for tangerines increases.
Answer: No. It does not violate Title VII if Cynthia's employer does not grant her the leave.
Explanation:
From the question, we are informed that Cynthia, requested a two-week leave from her employer to go on a religious pilgrimage and that the pilgrimage was not a requirement of her religion, but Cynthia felt it was a calling from God.
Based on the scenario, Title VII is not violated if Cynthia's employer does not grant her the leave. According to the court, when an employee says that based on his or her religious belief, he or she is required to go to a pilgrimage, the person has to prove beyond reasonable doubt.
In this case, her church which is the Roman Catholic didn't call for a pilgrimage as it was her personal choice. Therefore, Title VII is not violated if Cynthia's employer does not grant her the leave.
The answer to the given question above is AUTOMATIC STABILIZER. So in the fiscal policy, the term automatic stabilizer refers to the policies and programs which are created in order to counterbalance or neutralize any changes (e.g. fluctuations) in the national income or economic activities. This no longer requires an intervention from the government or policymakers.