Answer:
people will likely buy less cigarettes and liquor from them
Explanation:
Mark and Barry own the Warehouse Liquor Store in town. They are careful to pay all of their taxes in full and on time. Recently the local government has decided to raise the taxes imposed on the sale of cigarettes and liquor. Barry and Mark are upset about this because people will likely buy less cigarettes and liquor from them
The local government raising the tariff will cause their prices to go up thereby discouraging people form buying from themdue to the price hike
Answer:
that resources are perfectly shiftable from the production of one good to another.
Explanation:
Production possibilities frontier defines that is a graph showing all the different production combinations of two products which can be manufactured using present resources and technology. The production possibilities frontier incorporates scarcity, option and trade-off principles.
In other term Production possibilities frontier Indicates the cumulative production mixture of different products or services that an economy can achieve by making optimal use of all available resources.
Answer:
It implies that the economy is in recession. Less than full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is lower than that same economy's long-run potential real GDP
Answer:
True
Explanation:
The depreciation method will always create a difference between the financial reporting income (net income in the financial statements) and taxable income (for IRS purposes) as the taxable income is usually based on a fixed rate determined by the government. This rate gives rise to capital allowances which is the tax term for depreciation.
The tax written down value of the assets would also always vary from the carrying amount in financial account giving rise to temporary and permanent differences that may be reported in the deferred tax liability or assets part of the balances sheet and income statements.
30% of the league's wholesale sales are now made outside of the United States, and commissioner Adam Silver sees a booming international market that is consuming more and more NBA content and purchasing merchandise.
Merchandise Any consumer goods that are bought or sold in a transaction between a business and its client fall under this umbrella. Prior to reaching the customer, the final stop on the supply chain for a piece of item during its life cycle may include producers, distributors, storage facilities, and retailers.
Buying goods in bulk from a producer at a lower price and selling them to a retailer at a higher price so they can repackage and sell the products to customers in smaller quantities at an even higher price is known as wholesaling. Wholesale trade is a subsector of the trade, transportation, and utilities supersector. The wholesale trade industry consists of businesses engaged in wholesale trading.
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