Answer:
true , for sure because the lesser the deadweight loss of a tax
Answer:
b) If auditors can demonstrate due diligence.
Explanation:
Under the liability provisions of section 11 of the Securities Act of 1933, auditors may be liable to any purchaser of a security for certifying materially misstated financial statements that are included in the registration statement. Under section 11, auditors usually will not be liable to the purchaser if auditors can demonstrate due diligence.
Section 11 of the Securities Act of 1933, 15 U.S.C. § 77k (1988), provides investors with the ability to hold issuers and others liable for any damage incurred and caused by false statements of fact or even material omissions of fact within registration statements as at when effective.
The Securities Act of 1933 was used to regulate the stock market as the first federal legislation. With this act, power was given to the federal government and taken away from the state governments.
Hence, the Securities Act of 1933 is used to protect investors from frauds by creating a set of standard rules.
In conclusion, auditors usually will not be liable to the purchaser if auditors can demonstrate due diligence in their services and responsibilities.
Answer:
The correct answer is: Money that the government has promised to pay in the future.
The correct answer is: Social Security.
Explanation:
Implicit liabilities in the macroeconomic context are implicit public debt. These are the payments that the government has to make in the future. It includes payments such as a pension, health insurance, social security benefits, etc. They are called implicit cause they are not included in debt statistics.
Explicit public debt is called liabilities and includes loans and bonds.
