Answer:
B) raises the price buyers pay and lowers the price sellers receive.
Explanation:
A tax can be defined as the compulsory levy by the government on the income of an individual or company and the goods and services. It is used to generate income in a country in order to finance the expenditures of the government.
Types of tax
• Income Tax: This is the compulsory levy by the government on the income of an individual.
•Corporate Tax: This is the levy paid by corporate organzation on their Profits.
•Sales Tax: It is levied on goods and services. This type of tax increases the price of a product thereby making buyers to pay more. The sellers receives lower prices because they will deduct tax from what the sellers have paid and pay to the government.
•Property Tax: It is levied on the value of land or property.
•Tariff: Tax paid on imported goods. It is used to discourage importation. An increase in import tariff leads to an increase in price of the Commodity thereby leading to decrease in quantity purchased.
There are three basic tax laws
1) Progressive tax
2) Regressive tax
3) Proportional tax.
Answer: Thee Multiplier Process
Explanation:
The Multiplier Effect is the change in income that results from a change in Expenditure.
Essentially it is the rise in income resulting from new injections of money.
Broadly speaking, injections can come from, Government Spending in the Economy, Investment by firms, Exports and the like.
Injections increase the flow of income as the text portrays as it translates to money going into someone else's hands which they use to do something that enables someone else to get paid and so on and so forth.
That is what happened in the text.
Mary got an injection from the US Government, this enabled a salesman to go on a date, which enables a Ballerino his rent .
An injection of extra income leads to more spending, which creates more income, and so on.
If you require further clarification do react or comment.
High-low pricing .............................
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