Answer:
c. comparative advantage in
Explanation:
In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.
North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.
Answer:
No option is correct.
- a. An increase in the tax rate always increases tax revenue. ⇒ FALSE, if tax rates increase beyond the optimal level, instead of increasing total revenue they will decrease it.
- b. The tax rate is 1 percent, and tax revenue is very high. ⇒ FALSE, very low tax rates will result in very low government revenue.
- c. The tax rate is 99 percent, and tax revenue is very high. ⇒ FALSE, very high tax rates will result in very low government revenue.
- d. A decrease in the tax rate always increases tax revenue. ⇒ FALSE, if tax rates decrease beyond the optimal level, instead of increasing total revenue they will decrease it.
Explanation:
According to Arthur Laffer, a direct and sometimes inverse relationship exists between tax rates and government revenue. Sometimes a lower tax rate can result in higher government revenue. But that is not always the case. Sometimes an increase in the tax rate can increase government revenue. The optimal tax rate (T*) is equal to the tax rate that will allow the government to collect the highest amount of revenue. Any lower or higher tax rate will decrease government revenue.
Answer:
The image shown in the picture can be harmful as the model who is displaying jeans somewhere giving the message that people with fair skin and toned body are suitable to wear these kind pf clothes.
Explanation:
While presenting a product to the general public, the idea or motive should be given clear and necessary information to the consumers. Displaying a product, the companies chose the models with fair skin, slim and toned body and attractive personality.
This presentation can be negative or harmful sometimes for the consumers as this create an impression that people similar like these models are suitable for the product as the attractive look requires to wear these kind of cloths.
The goal of unionisation is to reach an agreement on pay or other terms and circumstances of the employment contract between the employer and a team of people, or perhaps the entire workforce.
<h3>What serves as a means for provision?</h3>
A provision is cash saved in the funds to cover any liabilities that may arise in the future. To improve the accuracy of something like the current year's balance, a provision is utilized to allow for costs that could, in some cases, be offset with in current or prior financial year.
<h3>Which preparations are required?</h3>
A "business make better term" lease clause stipulates that the tenant must return the doors to the home in the same condition that they found it.
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