Option a: Income tax
Income tax is a tax levied on an individual or group with respect to the income or profits received by the individual or group. Income tax is usually calculated as the product of tax rate and taxable income. tax rates may vary depending on the type and characteristics of the taxpayer and the type of income.
Income tax is a tax that the government imposes on income generated by businesses and individuals within its jurisdiction. Income tax is used to fund public services, pay government obligations, and provide goods to citizens.
what is income tax? the tax levied on the income of a company or individual is known as income tax. Income taxable income can come from various sources, including wages, salaries, dividends, interest, loyalty, rent, gambling prizes, and product sales.
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Policymakers in a bid to keep inflation at a low level can Maintain slow growth in the quantity of money.
This is further explained below.
<h3>Who are Policymakers?</h3>
Generally, The phrase "policymaker" refers to a wide category of individuals who are collectively responsible for the formulation or modification of policy.
At the national level in the United Kingdom, this group consists of Ministers, their advisors, civil officials, formally designated Chief Scientific Advisers and others.
In conclusion, Maintaining a gradual rise in the amount of money is one strategy that policymakers might use to maintain inflation at a manageable level.
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Answer:
A)Market value
Explanation:
The market value ratios can be regarded as the financial metrics that are engaged in evaluation of worth of stocks of the companies that trade publicly. The ratio helps the investors to know if the price of prevailing market share is in sync along with the performance of the company. It should be noted that The ratio that measures how much an investor is willing to pay for a dollar of earnings is known as a market value ratio.
Answer:
The price of domestic Cuban grapefruit for consumers will increase,option B
Cuban exports of grapefruits will increase,option B
Consumer surplus in Cuba will decrease,option A
Producer surplus in Cuba will increase.option B
Explanation:
Opening up the economy paves way for producers of grapefruit to sell their output in the international market due to the incentive provided by higher international price,hence there would less to sell in the home front,thereby pushing up domestic price.
Of course,producers in Cuba would prefer export to selling locally, as a result Cuban exports of grapefruits will increase.
Consumer would reduce because of increase in price as the surplus is the difference between local price and higher international price and conversely producer surplus increases
Answer:
reduce output
Explanation:
The marginal cost ($26) is greater than the marginal revenue ($25). In order to maximise profit, marginal cost should he reduced up to the point where marginal cost equals marginal benefit.
A firm should shutdown, reduce production to zero if average variable cost is greater than price but in this question, the firm shouldn't shut down since price ($25) is greater than average variable cost ($24).
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