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vladimir1956 [14]
3 years ago
12

18. Would you expect, in some cases, to see only an income effect or only a substitution effect? Explain.19. Which is larger, th

e income effect or the substitution effect​
Business
1 answer:
Dimas [21]3 years ago
8 0
The income effect because you’ll gain more money personally and the substitution effect is about everybody in the building getting a “fair share”.
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Identify two characteristics of utilitarianism, two characteristics of virtue ethics, and two characteristics of deontology. Wri
givi [52]

Answer:

Explanation:

One claim of unethical practice done by Starbucks is that they do not give a chance for small coffee-shops and try to cease them out by acquairing them or competing aggressively. However in the case of buying the coffeeshops they evaluate the price of the shop generously.

In terms of utilitarianism, the action of buying out small shops through generous offer is considered not unethical, because if Starbucks sets up their business nearby the small shop, it will most likely suffer and by purchasing them it is actually a favor for coffeeshops.

The characteristics of utilitarianism is:

The end result of an action should be the most positive outcome for all the parties concerned

The action that leads to the end result is not as important as the result itself

Even though discussed issue is ethical in temrs of utilitarianism view, it is unethical in terms of deontology. Starbucks is causing the shut down of the local business and also discouraging its growth.

The characteristics of deontological ethics is :

The action is the most important focus of the ethical consideration

The result may not be the best but the entity/person in charge should take an ethical action

The third part is the virtue ethics.  As per the virtue ethics, we cannot say that the action is ethical. This is not the only blame that Starbucks faces. They face allegation of exploiting coffee farmers, damaging the environment and mistreating their employees.

The characteristics of virtue ethics is

The moral value of the person/organization is more important than action or the result

Even if the action is unethical or the result is unethical, the moral of the person/company can still be correct.

3 0
3 years ago
To reduce the level of pollution emitted by firms in an industry, the government could use a cap and trade policy or a carbon ta
bija089 [108]

Option D is true, the price of the good sold will rise under either policy and there will be a reduction in the level of production

Explanation:

Carbon-free is an effective way, even though the economy puts a monetary price above it and gives a value to the actual cost. Since the pollutant price is still in place, polluters are motivated to reduce pollution and to decide how far the gasses are produced.

In comparison, the restriction or cap on pollution can be published from industry by the cap-and-trade system. This limit is decreased in many cases after the pollution goal is met. If this is the case, the law requires polluters to buy the remaining quota from others with low emissions and generate more than the allotted quota.

Both methodologies will increase the cost of the good generated because it is distortionary. Production should however be decreased because of the control of pollution.

3 0
3 years ago
Alpha has $40,000 of capital per worker, while Beta has $5,000 of capital per worker. In all other respects, the two countries a
tensa zangetsu [6.8K]

Answer: The correct answer is "a. Less".

Explanation: According to the principle of diminishing returns to capital, an additional unit of capital will <u>less</u> in Alpha compared to Beta, holding other factors constan.

The law of diminishing returns is an economic concept that shows the decrease of a product or a service as productive factors are added to the creation of a good or service. It is a marginal decrease, that is, the increase is smaller every time.

3 0
3 years ago
In texas, the second 30 days of the legislative session are mainly reserved for
givi [52]

In Texas, the second 30 days of the legislative session are mainly reserved for the committee consideration of the bills and resolutions. Hence, the Texas Constitution limits the duration of each special session to 30 days. Lawmakers may consider only those issues designated by the governor I his call or proclamation to come together in the special session. 

5 0
3 years ago
Nathan and Nancy were divorced in 2016. The divorce agreement required Nancy to pay Nathan $5,000 a month in alimony. Based on y
ZanzabumX [31]

Answer:

Explanation:

The alimony given is a tax-deductible expense for the person paying the alimony if a divorce is finalized before 2019 and before Jan 31, 2018.

Alimony payments made for divorce implemented after Jan 31, 2018, are said not to be tax-deductible with regards to the amended law.

Therefore in the scenario presented, Nancy pays alimony to Nathan will be tax-deductible income to him because the divorce was finalized in the year 2016 as it is before Jan 31, 2018.

If they have been divorced and still they continue to stay together during 2016 and 2017, then alimony payments are tax-deductible.

Had it been that they have not filed for divorce, only that they are separated but however still jointly live together, then they both file for tax return jointly or separately together due to the sense that they are considered as a married couple for the entire year.

In a case whereby the couple is divorced in 2019, then alimony payments received are not tax-deductible with regards to the current law.

8 0
3 years ago
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