The following reason a country might put a tariff on import is C.) TO PROTECT DOMESTIC COMPANIES.
This reason is not only for tariff but also for quota imposed on imports.
Tariff is a tax imposed on goods imported from other countries.
Quota is a numerical limit of how much or how many an imported good can be imported in the country.
High interest rate and long time period. I believe
Answer:
A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations. In modern economies, the central bank is usually responsible for the formulation of monetary policy and the regulation of member banks.
Answer: D. Tim’s income level increases the more he works.
Explanation:
Tim's income for the year = Salary from working + Welfare
Lets say Tim works <u>200 hours</u> in a year.
His salary will be:
= 8 * 200 hours
= $1,600
Welfare:
70 cents off for every $1 so the amount they will deduct from Welfare is:
= 0.7 * 1,600
= $1,120
They will deduct this amount from the welfare of $15,000 and give Tim the rest.
Total income = 1,600 + (15,000 - 1,120)
= $15,480
Lets say Tim works <u>500 hours</u> a year.
Salary is:
= 500 * 8
= $4,000
Amount to be deducted for welfare:
= 0.7 * 4,000
= $2,800
Total income:
= 4,000 + (15,000 - 4,000)
= $16,200
Notice how the income goes up as Tim works more. This policy therefore provides a monetary incentive to work harder.
A major advantage of a sole proprietorship is that the owner is completely responsible for the business decisions.
A sole proprietorship is a type of enterprise that is owned and run by one natural person and
in which there is no legal distinction between the owner and the business entity.
The owner is in direct control of all elements and is legally
accountable for the finances of such business and this may include
debts, loans, loss, etc.