Option B
The System approach indicates that a company's objectives can be realized by recognizing the mutual interdependence of major functional areas.
<h3><u>
Explanation:</u></h3>
The system approach opinion sets individual system components in their surroundings and examines the similarities between them. It tries to assume the position each component operates in the system while concurrently experiencing the action of the whole system.
The strategy concentrates on the holistic reality of the system externally ignoring the components. Coordination and administration is a very powerful concept in the study of systems as outwardly this we will not be a centralized holistic concept. This is an essential concept of the systems approach.
C. Monopoly
If one company controls too much of the market and can start to set prices and manipulate other factors then the government would likely rule that the merger was illegal.
Answer:
56
Explanation:
The rule of 70 can be used to determine the amount of years it would take the GDP of a country to double given its growth rate
Number o year for GDP to double = 70 / growth rate of country
for country A = 70 / 5 = 14 years
for country B = 70 / 1 = 70 years
70 years - 14 years = 56 years
This situation represents <u>progressive</u> type of tax system.
<u>Explanation</u>:
A progressive tax is laid on the people based on their ability to pay. A lower tax rate is charged for the individual with low income compared to the person with higher income. The tax rate is fixed based on the income of the person. The high income earners are charged tax with higher percentage.
In the above scenario, the income of Olaf is $100,000. So he pays $20,000 as tax. George earns $200,000, so he pays $48,000 as tax. George pays tax higher than Olaf, as he earns higher than Olaf.
Answer and Explanation:
a. The computation is shown below;
As we know that
Y/G = 1 ÷ (1-MPC)
Here
Y = $300 billion,
MPC = 0.75
So,
300 ÷ G = 1 ÷ 0.25
G = $75
So the government should rise the spending by $75 in order to close out the recessionary gap
So, the government should increase the spending by $30 to close the recessionary gap.