The correct answer is D.
The Laffer Curve represents the relationship between the tax rate and the total tax revenues collected by the economic authorities. It illustrates the incidence of the taxable income elasticity, the sensitiveness of the income earned by the economic agents on which the tax is applied, to variations in the tax rate.
<em>A laffer curve is represented in the graph attached.</em> Tax collection is 0 for 0% and 100% rates. Between these two values, the function will have an increasing section, a maximum and a decreasing section. Its maximum consitutes the tax rate that maximizes the total tax collection.
Answer: Baptists were first religious group to adopt separation of church and state. ... They understood religious liberty to be a principle that would apply to all persons, not one manufactured to advance only their own interests. Baptists grounded their advocacy of religious liberty primarily in the New Testament
Explanation:
Answer:
Peolpe in different culture share different attributes and motives.
Explanation:
All cultures are simultaneously very similar yet very different. By this Harry, Triandis meant that people in different cultures share many fundamental human attributes, choices, and motives, yet people in each culture express theses qualities, motives, and attributes in different ways.
For eg, in Indian culture women wears white clothes after the death of the spouse whereas, in western culture, women wear white clothes on the wedding day.
The correct answer would be, Piercing the Corporate Veil.
The court may disregard the corporate structure and impose personal liability on the shareholders treating them like partners. This is called as Piercing the Corporate Veil.
Explanation:
A corporation is a form of business in which there are officers called as the board of directors, who run the business as a separate legal entity.
There are shareholders in the corporation who have their shares or stakes in the company.
When a court finds that the shareholders of a corporation are using corporate structure as a shield from liability when acting purely for personal purposes, then in this situation, the court holds the shareholders and directors, personally liable for their actions and debts. This is called as Piercing the Corporate Veil.
Learn more about Piercing the Corporate Veil at:
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I think early french and british settlers
