By “inflation is like taxation without legislation” Morgan Friedman meant like inflation gets new money into economy and raises revenue, does not mean that it is a part of the legislation.
<u>Explanation:</u>
Inflation means rise in the prices of the goods and services of the economy at a continuous rate. With the increase in the prices, the revenue of the government also increases and new money also comes in to the economy, just like tax is a source of revenue for the government. But this does not mean that inflation is a part of the legislation or a part of the law, like the taxes are a part of the legislation.
The term "transferable skills" describes any skill or talent that can be taken from one kind of job to another. Its opposite is specific or dedicated skills. So a specific skill might be when someone learns how to use a specific kind of computer software that is used only at one workplace. Since that software isn't used anywhere else, knowledge of how to use it isn't a transferable skills. But the same worker, in the process of learning how to use that software, might also have learned a lot about how to use computers. That knowledge of how computers work IS a transferable skill, since it can be valuable in a lot of different workplaces.
Answer:
The men that killed John Earl Reese were found guilty and sentenced to prison, but the sentences were suspended so that they never went to jail. John Earl Reese was 16 years old when he was dancing in a cafe in Mayflower, Texas and white men fired shots into the windows. Reese was killed and two others were wounded
Answer:
Land refers to all natural resources used to produce goods and services
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