Answer: C. Decrease government spending and increase taxes
Explanation:
The current GDP of this economy is $670 billion and this figure is higher than the $620 billion that the economy should be at.
This means that the economy is in danger of overheating and needs to be adjusted.
To do this one can use option C.
By REDUCING Government Expenditure, government purchases will drop which will aid in reducing the GDP.
By also INCREASING Taxes, the amount of money left for people to consume after they pay their taxes is less so that REDUCES Consumption as well leading to a smaller GDP.
Doing this is known as a CONTRACTIONARY FISCAL POLICY.
My answer: <span>b. opportunity during the time of the patent protection
Patent protection may also be identified as a cost for doing business but there are a lot of costs that will be spent in doing business. Thus, patent protection of Brutus' Fried Chicken will be treated as opportunity during the time of the patent protection. This patent ensures that only Brutus' Fried Chicken can use of the said </span><span>recipe for the spices used in the coating of the chicken. They can litigate anyone who will infringe on their recipe. </span>
Answer:
A) $1,000: the constructive receipt doctrine states that if the income is not subject to limitations or restrictions, then it should be taxed as soon as it was available, not necessarily when it was received.
B) $100: he only received $100, this year, the rest was given to him on the following year.
C) $1,000: since Clyde received the mail before the end of the year, the constructive receipt doctrine applies.
D) $0: the constructive receipt doctrine does not apply due to the restriction of the check being postdated.
Answer:
False
Explanation:
Due to the fact that the same amount of training is needed in each of the industries, wages would be the same. If wages were higher in the air craft industry, their would be an excess supply of labour in the airline industry. This would pull the wages in the airline industry down until the same wages are earned in both industries
