Answer:
The correct answer is D) Lower tax rates, lower resource prices, and decreased government regulation.
Explanation:
Supply-side economics policy focus on the supply. It tries to boost production so that consumer benefit from more goods at a lower price.
Supply-siders believe that lower tax rates result in more economic growth, which in turn actually increases government revenues, a theoritcal position known as the Laffer Curve.
Supply-siders also believe in deregulation. They find regulations to be an obstacle, especially for small businesses.
Answer:
What Is the Law of Supply and Demand?
The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it. Generally, as price increases people are willing to supply more and demand less and vice versa when the price falls.
Explanation:
The law of demand says that at higher prices, buyers will demand less of an economic good.
The law of supply says that at higher prices, sellers will supply more of an economic good.
These two laws interact to determine the actual market prices and volume of goods that are traded on a market.
Several independent factors can affect the shape of market supply and demand, influencing both the prices and quantities that we observe in markets.
This is an example of <em>framing</em>
The response of the clients towards a product depends on how the data about it is presented.
Answer:
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The primary accomplishment of the First Continental Congress was a compact among the colonies to boycott British goods beginning on December 1, 1774 unless parliament should rescind the Intolerable Acts. Committees of observation and inspection were to be formed in each Colony to ensure compliance with the boycott.
