This phenomenon best illustrates how a progressive income-tax system serves as an automatic stabilizer for the economy.
<h3>What is an automatic stabilizer?</h3>
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . Examples include progressive tax and transfer payments. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.
In an expansion, progressive tax increases the tax paid and this reduces disposable income. In a recession, tax paid is reduced and this increases disposable income
Here are the options:
increases crowding out in the economy
decreases real interest rates in the economy
offsets the timing problem for fiscal policy
Serves as an automatic stabiler for the economy
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Answer:
The factor market
Explanation:
The factor market refers to buying and selling of factors of production. Factors of production are land, labor, capital, entrepreneurship. Prices of factors of production are determined by interaction of supply and demand forces. By Dave offering his labor, he receives wages as a reward for the factor of production he provides i.e. labor.
Answer:
B. ketchup and chocolate chip cookies are inferior goods
Explanation:
The options and the question seems not to match. The correct question can be found here: https://www.chegg.com/homework-help/questions-and-answers/maria-graduates-college-income-increases-35-000-year-nothing-else-changes-maria-decreases--q30165223
A normal good is a good whose demand increases when income increases. In this question, winter vacations is a normal good.
An inferior good is a good whose demand increases when income falls and whose demand falls when income rises. In this question, ketchup and chocolate chip cookies are inferior goods.
I hope my answer helps you
Answer:
target profit pricing
Explanation:
Based on the information provided within the question it can be said that the firms in this situation usually implement target profit pricing. This term refers to a method of determining how many units of a product need to be sold in order to cover the costs of production as well as achieve a set profit margin. This is usually a goal/target that is set and hoped to be achieved by the end of the year.
Answer:
c. Airprint
Explanation:
AirPrint -
It refers to as one of the technology of Apple, which enables to generate complete output , where the process of downloading or installation is not required , is referred to as AirPrint .
It enables to get a very high quality images and document , from any apple device like the iPad , Mac , iPhone , iPod .
The feature is available in the MacOS and even in iOS operating system .
Where the printing process is done via LAN .
The most attractive feature of AirPrint is that, it does not require any printer - specific drivers .
Hence, from the given information of the question,
The correct option is - AirPrint.
