Answer:
A) loses some of the benefits of market efficiency.
Explanation:
Taxes always result in deadweight losses. Deadweight loss refers to allocative inefficiencies resulting from an alteration in the equilibrium quantities and economic surplus.
Taxes always increase the price of goods or services, and that increase reduces the equilibrium quantity, therefore resulting in lower economic surplus (lower consumer surplus and lower supplier surplus). The price of a good or service is higher, decreasing the quantity demanded, but the net amount received by the supplier is lower, decreasing the quantity supplied.
Answer:
There is a positive relationship between the length of a loan and its interest paid
Explanation:
A positive relationship exist between the length of a loan and the interest paid. A higher interest will be paid for a longer time period. This is so because the lender is giving out a sum of money for more than the average time period, hence the interest must be increased appropriately too.
Hence, the shorter the repayment time for a loan, the lowest the interest and vice versa.
Answer:
$80
Explanation:
Permanent earnings are regular or constant earning, which can be expected to continue in the future. It is income earned from everyday business transactions. Permanent earnings contrast transitory earning.
Transitory are non- recurring earnings. It is not definite that they will continue in the future.
For this company, transitory transactions will be gain on the sale of land at $30,000
Permanent earnings will be sales revenues minus expenses
=$860,000 -$250,000-$10,000- $520,000
=$860,000- $780
=$80
To reduce the size of your car payments, many experts recommend making a down payment of at least <u>20%</u> percent.
Most experts argue that 20% is a pretty large payment but over time it will make your car payments much smaller
What Bill is experiencing is cyclical unemployment.
Cyclical unemployment is a type of unemployment that occurred due to the ups and downs of business cycles – where it would be low when the economic conditions are good, and it would be high when the economic conditions are bad.
Cyclical unemployment is part of the natural rate types of unemployment, together with structural and frictional.
