Buy what u need when u need it not what u want when u want my dad always said
Answer:
Price elasticities of demand and supply
Explanation:
Tax is a compulsory amount levied on goods and services by the government or an agency of the government.
taxes increases the prices of goods and services
Deadweight loss of tax refers to a reduction in quantity demanded and supplied as a result of tax.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.
If demand or supply is elastic, the deadweight loss of tax is higher. If demand or supply is inelastic, the deadweight loss of tax would be lower.
Answer:
"Exporting pollution" occurs when a country reduces its domestic pollution, but increases imports that cause pollution in other countries.
Explanation:
Exporting pollution is a commercial and environmental process through which the most developed countries send their most polluting companies to produce their goods to underdeveloped countries. These companies, generally industrial, transfer their production of carbon dioxide and other polluting gases to these countries, which receive large employers and economic benefits but in turn accept higher rates of contamination in their territories.
Answer:
Th answer is: net income for year 2 is $45,000
Explanation:
We must first determine the equity for both years (equity= assets - liabilities)
- Equity year 1 = $940,000 - $300,000 = $640,000
- Equity year 2 = $995,000 - $270,000 = $725,000
Then we calculate the change in equity:
- change in equity = $725,000 - $640,000 = $85,000
Finally to determine the net income or year 2 we use the following formula:
Net income (Y2)= change in equity - additional investments + dividends paid
net income (Y2) = $85,000 -$73,000 + $33,000 = $45,000
