Answer:
c. progressive tax
Explanation:
Progressive tax can be regarded as one of the tax structure whereby the tax payer that receive higher incomes in the state pay a higher share of taxes from the income they made, which is different from those that receive Lower income. It is a tax system whereby when there is increase in tax rate then the taxable amount increases too. It should be noted that the tax structured where people with the same income pay the same percentage of their income in taxes is reffered to as progressive tax. wealth/property tax is one of the example of progressive tax.
The positive impacts are:
- The corporation provided job opportunities for the citizens of south Afirca
- The corporation provided the people with good products that will enhance their lives,
- Corporations tend to provide the largest amount of Tax, which later could be distributed by the government in the form of welfare
The Federal Reserve has also launched some reverse repos, effectively lending money to borrow money from commercial banks, rather than permanently transferring ownership of securities to achieve its objectives.
The Federal Reserve is the central banking system of the United States. On December 23, 1913, the Federal Reserve Act was passed and created after a series of financial panics created a desire to centralize the monetary system to mitigate financial crises.
The US central banking system - the Federal Reserve or Fed - is the most powerful economic institution in the United States and possibly the world. Its core responsibilities include setting interest rates, managing the money supply, and regulating financial markets.
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Answer:
B. Net income will be too high.
Explanation:
Revenue will be overstated instead of liabilities. overstatement in revenue will lead to the higher net income in current period. On the other hand liabilities are overstated. Entry to cash is accurately done and it will not effect due to this error. So the correct option is B. Net income will be too high.
Answer:
a. Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.
Explanation:
Dead weight loss created by a quantity exchanged that is less than the equilibrium quantity .Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.when the total surplus is larger at the equilibrium quantity and price than it will be at any other quantity and price. Deadweight loss is loss in total surplus that occurs when the economy produces at an inefficient quantity.
