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FinnZ [79.3K]
3 years ago
7

Suppose the government imposes a tax on three products with differing demand elasticities. Match the product to the group that w

ill most likely bear the incidence of the tax.
a. the government
b. producers
c. consumers and producers
d. consumers

1. highly inelastic
2. somewhat elastic
3. highly elastic
Business
1 answer:
Stolb23 [73]3 years ago
8 0

Answer:

a. Government - highly  Inelastic

b. producers - Somewhat elastic

c. consumers and producers -   Highly elastic  

d. consumers - Highly elastic

Explanation:

Inelastic demand is that which does not changes with the change in the price of any product.

Government oriented demand remains constant irrespective of pricing and hence it is highly inelastic while in case of producers and consumers, the demand may vary depending on the substitute availability in the market

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What are the advantages and disadvantages of common stocks​
andrey2020 [161]

Advantages:

  • You can invest in companies with limited liability.
  • Common stocks offer a higher earning potential.
  • You can easily purchase common stock on virtually any trading platform.
  • Common stocks can provide dividends.
  • You’ll get to take advantage of a growing economy.

Disadvantages:

  • You are the last person to get paid during a company liquidation.
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Hopes this helps :)

5 0
3 years ago
A reduction in the number of kanbans (given a constant container size) requires: Group of answer choices an increase in lead tim
Delicious77 [7]

Answer: a reduction in safety stock and/or lead time

Explanation:

Kanban is a visual system that is used for the management of work as the work moves through a process. It should be noted that it is a concept that tells one what to produce, quantity to produce and when to produce it.

A reduction in the number of kanbans (given a constant container size) requires a reduction in safety stock and/or lead time.

7 0
3 years ago
What is pay per click advertising?
Kamila [148]

Pay-per-click is an internet advertising model used to drive traffic to websites, in which an advertiser pays a publisher when the ad is clicked. Pay-per-click is commonly associated with first-tier search engines.

7 0
3 years ago
In what ways might monetary policy be superior to fiscal policy?
a_sh-v [17]

Monetary policy does not require congressional approval, it is more flexible than fiscal policy. Conversely, monetary policy has a propensity to increase inflation more than fiscal policy.

A country's central bank uses a set of instruments called monetary policy to regulate the total amount of money in circulation, foster economic expansion, and implement measures like adjusting interest rates and altering bank reserve requirements.

The Federal Reserve Bank of the United States carries out a monetary policy under a twin mandate to maximise employment while containing inflation.

A nation's overall money supply is managed by monetary policy, which also aims to promote economic growth.

Interest rate changes and adjustments to bank reserve requirements are examples of monetary policy strategies.

Learn more about monetary policy here:

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6 0
2 years ago
Delivering health care goods and services requires several inputs, in economic terms. These inputs can be classified as either Q
Elina [12.6K]

Delivering healthcare goods and services requires several inputs in economic terms these inputs can be classified as either <u>labor</u><u> </u>or non-labor.

<h3>What are non-labor inputs?</h3>

Speaking from the perspective of the factors of production, on one hand, non-labor inputs refers to such inputs as:

  • Energy
  • Land
  • Capital
  • Information etc.

The amount of labor input is calculated as either the number of employees or the number of hours they put in during a specific time period, such a year.

The majority of nations gather information on the number of employees and are able to compute labor productivity as output per employee.

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2 years ago
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