The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
The Deadweight loss refers to loss that occurs when supply and demand are not in equilibrium and thus, result in market inefficiency.
Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.
So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.
Therefore, the answer is B. because the deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
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Judith, a salesperson for an automobile firm, gives a presentation to a buying agent. During her presentation, she gives the buyer a letter from a customer in New York. The letter praises the efficiency of the supply chain process of Judith's firm and compliments the punctuality and timely delivery of the products. This letter is an example of a(n) _____.
Answer:
Testimonial
Explanation:
The descriptions give the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment. 1. Mollie just graduated from college and is now looking for work. She has had three job interviews in the past month. 2. George works in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work in several months when national economic conditions improve. 3. Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government cut defense spending. She has been looking for similar work for a year, but no company seems interested in her aircraft design skills. 4. Ricardo lost his job last year when his company downsized and laid off middle-level managers. He tried to find another job for a year but was unsuccessful and quit looking for work. Refer to the above information. Which individual is structurally unemployed
Based on the information described above, the structurally unemployed individual is "Jeanette."
This is because structural unemployment is a form of unemployment whereby an individual is experiencing a non-correlation between his skills and the skills required of workers by employing industries.
In Jeanette's case, she has the skills of aircraft design engineering. However, no company is interested in her aircraft design skills. This shows structural unemployment.
Some of the causes of structural unemployment include the following:
Foreign competition in labor;Outsourcing of production aboard;Robots replacing humans;Labor immobility;Reduction in manufacturing industries, etc.Hence, in this case, it is concluded that Jeanette is the structurally unemployed one.
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Labeling is important for four specific reasons, including identification, promotional and legal reasons. What is the fourth reason
Answer:
informational
Explanation:
i know were not suppost to do this but cheeck out quizlit
Labeling is important for four specific reasons that are identification, promotional, legal, and informational reasons.
What is the importance of labeling? The identification of different batches of products becomes easy through labeling that grabs customers' attention.The promotional activities through labeling are done by providing a description and usability of the product. The legal issues could be eliminated by adhering to proper labeling laws.This gives vital ingredients, manufacturing dates, and other vital information to customers.Learn more about labeling here:
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If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is:
Answer:
8.0 percent
Explanation:
To find the unemployment rate you:
Divide the number of people unemployed by the number of people in labor force (Employed and Unemployed)Then, multiply the number by 100Hope this Helps
a manufacturer conducts marketing research and estimates that consumers will accept a price of $50 for a pair of sunglasses. if the manufacturer expects to offer trade discounts of 40/10 to retailers and wholesalers, what price will the manufacturer receive for the sunglasses?
Answer:
72983
Explan my not telling
When we want to measure wage inflation in the labor market, we use the: Consumer Price Index Product Price Index Employment Cost Index Employment Price Index
Based on economic indices, when we want to measure wage inflation in the labor market, we use the "Consumer Price Index."
The consumer price index, often referred to as CPI, is conducted by the Bureau of Labor Statistics.
CPI is carefully made to measure the price changes encountered by urban consumers.
It is believed that the urban dwellers formed about 93 percent of the United States population.
Consumer Price Index is used to measure the relationship between wage and inflation.
Hence, in this case, it is concluded that the correct answer is "Consumer Price Index."
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When we want to measure wage inflation in the labor market, we use the Employment Cost Index.
The employment cost index reflects the change in labor costs in a given country, that is, the value that each salary has for the employer (adding salaries actually paid to the worker, plus labor costs, contributions, etc.).
This index is an indicator that allows anticipating inflationary values in an economy, as it allows observing the growth in labor costs that will subsequently impact an increase in the products that are marketed.
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An objective of the expense recognition (matching) principle is to have bad debt expense debited in ______.
Answer:
An objective of the expense recognition (matching) principle is to have bad debt expense debited in ,Nation matching,
Which of the following investments will earn the smallest amount of interest? a. $8,030, invested for 2 years at 2. 0% interest b. $1,901, invested for 8 years at 4. 0% interest c. $5,330, invested for 6 years at 2. 0% interest d. $3,970, invested for 6 years at 4. 0% interest.
Answer:
a.
Explanation:
Higher product taxes and costly regulations will
A. Increase Supply
B. Supply/Demand Equilibrium
C. Decrease Supply
The Federal Reserve implemented a series of new policies and tools in response to the 2007-2008 financial crisis and recession. Many economists believe these policies helped avert another Great Depression, but exacerbated what problem in the financial system
Considering the situation described the many economists believe these policies helped avert another Great Depression but exacerbated the inflation problem in the financial system.
This is because the new policies and tools used to tackle the 2007-2008 financial crisis and recession was based on Keynesian economics.
However, while Keynesian economics concentrates on regulating aggregate demand to solve or prevent economic recessions, it is considered inflationary.
This is because it is believed that these policies encourage lower tax rates and increase the national deficit to ensure there is employment.
However, with more money in circulation, many economists believed it would cause inflation and more income disparity.
Hence, in this case, it is concluded that the correct answer is Inflation.
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what unusual step did oregon take to increase voter registration?
Oregon increased voter registration by automatically registering all citizens over the age of eighteen to vote.
Registration is a process that Americans must go through once they reach the age of majority to access the right to vote and participate in elections. However, many people are unaware of this process and do not register so they cannot vote in elections.
The state of Oregon decided to register citizens over 18 years of age (or legal age) to be eligible to vote. This is an unusual decision because this process is generally done autonomously but given the low voter turnout in the state, they decided to carry out this measure.
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determining that the amount of cash agrees with the accounting records
Answer:
Receipt-A business form giving written acknowledgment for cash received. Memorandum-A form on which a brief message is written describing a transaction. Proving Cash-Determining that the amount of cash agrees with the accounting records.
In a business process, ________ are defined as collections of related tasks that receive inputs and produce outputs.
Considering the business undertakings, in a business process, activities are defined as collections of related tasks that receive inputs and produce outputs.
Activities in business involve many processes that include the start and end point to the sales of the products or services.
Business activities usually include the following:
Creating BudgetGrowing SalesMarketing PlanFinancial analysisAccounting operation Customer serviceHuman resources, etc.Hence, in this case, it is concluded that the correct answer is "Activities."
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Angel has worked as a restaurant server, as a mechanic, as a massage therapist, and as a teacher since he finished college five years ago. He now wants to apply for a cruise ship position, but is unlikely to receive one based on his lack of relevant experience and frequent job changes.
True
False
which statement best illustrates the history of the fractional banking system?
Answer:
A goldsmith accepts deposits of gold and issues paper receipts in excess of the amount of gold held; reserves are a fraction of the money supply.
Explanation:
Carlton Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $126,000. If the sales tax rate is 5%, what amount must be remitted to the state for February's sales taxes
Based on the information given the amount that must be remitted to the state for February's sales taxes is $6,000.
Using this formula
Remitted amount=[February Total receipts÷(1+Sales tax rate)]×Sales tax rate
Where:
February Total receipts=$126,000
Sales tax rate=5%
Let plug in the formula
Remitted amount=[$126,000÷(1+0.05)]×0.05
Remitted amount=($126,000÷1.05)×0.05
Remitted amount=$120,000×0.05
Remitted amount=$6,000
Inconclusion the amount that must be remitted to the state for February's sales taxes is $6,000.
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In selecting a media vehicle, media planners need to determine the cost of the vehicle's reach. To measure this, they use a method known as ______________.
Based on the Cost Per Thousand analysis, when deciding to select a media vehicle, media planners need to determine the cost of the vehicle's reach. To measure this, they use a method known as "Cost Per 1,000."
Cost Per 1,000 is a term used in the media world, particularly social media advertisement, to describe the price of 1,000 advertisement impressions on a single web page.
Cost Per 1,000 is often called cost per thousand (CPM) or called Cost per mille.
It is measured by dividing the total cost of the advertising by the quantity of impressions and times 1000. CPM => cost ÷ impressions x 1000.
Hence, in this case, it is concluded that the correct answer is Cost Per 1,000.
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a group of individuals who have a general interest in the environment have sufficient standing to file a class-action lawsuit against a company polluting a waterway.
A group of individuals who have a general interest in the environment do not have sufficient standing to file a class-action lawsuit. Therefore, it's false.
It should be noted that taking care of the environment is everyone's priority. It's important to keep the environment clean and safe. This is vital in order to avoid diseases.
Also, a group of individuals who have a general interest in the environment do not have sufficient standing to file a class-action lawsuit against a company polluting a waterway. This is appropriate. Therefore, the statement is false.
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Explain why it is important for
entrepreneurs to talk with industry
experts when developing the new
business concepts
Explanation:
Cause they are expert in that kind of task will make thing look faster and easy to deal with while having any problems that arise on the long run of the business, experts will have a ways of making solutions to that cause they have deal with series of serious issues relating to that
nothing is ________ than a sales presentation which proceeds from the sellers perspective.
People often engages in different tactics so as too make sales. Nothing is worse than a sales presentation which proceeds from the sellers perspective.
There is always the need for assessment as it is very vital. A good assessment gives one the room to channel one's presentation to your audience and make it interesting.
There are three Stages to Sales Process. They are;
QualificationCollaboration NegotiationConclusively, Relationship selling is known as when a sales representative serves as a partner to the buyer.
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If a customer gives his broker-dealer an order to sell his stock if it falls to or below 69 and will not accept a price below 69, the order is A) a stop limit order. B) a sell limit order. C) a buy limit order. D) a stop order.
Answer:
D Stop Order
Explanation:
When an order is entered , the customer has directed that it should not be engaged until the stock is at or below 69, a STOP order. Because the client will not accept an execution below 69 it is a stop limit order.
Alex just got a new car. Because Alex obtained full-coverage car insurance, Alex will have an incentive to ______ because of ______.
Since Alex obtained full-coverage car insurance, he will have to drive more cautiously than if he didn't have insurance because of moral hazard.
Moral hazard simply means a risk that an individual has not entered into a contract in good faith or the person provided inadequate information about his assets.
In this case, since Alex just got a new car and obtained full-coverage car insurance, Alex will have an incentive, he'll have to drive more cautiously than if he didn't have insurance due to moral hazard.
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suppose you are advising a mayoral candidate in your town. the candidate’s platform includes strong opposition to monopoly suppliers because consumer welfare is compromised by monopoly pricing. which of the following statements would present your candidate with an alternative view about why it may make sense to tolerate the existence of some monopoly firms?
Considering the situation described above, the alternative view about why it may make sense to tolerate the existence of some monopoly firms is that "Monopolies do reduce consumers surplus by producing less and charging more than the outcomes that would occur in a competitive market, but at times it makes sense to sacrifice some efficiency.
This can be illustrated in a situation whereby certain goods or services may not be available except through the chance of earning monopoly profits. This occurs whereby a patent ensures there are incentives for research and development.
In some other cases, it is more ideal if good is produced by a monopolist rather than by multiple producers due to the large fixed costs in production; thereby, with more profits, the price of products would reduce in the long run.
Hence, in this case, it is concluded that there are situations whereby Monopoly is necessary to provide goods and services for the people in a society.
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Insurance is _____________ when the possible loss is relatively large compared to the amount of the premium.
Using economic understanding, insurance is "Economically feasible" when the possible loss is relatively large compared to the premium amount.
This is because when an individual insured on a premium account loses huge properties that are considerably large compared to the premium paid, this is economically feasible to such an individual.
For example, if an individual has his vehicle worth $1 million on damaged but has only paid less than $100,000 as insurance fee, such individual would have his car replaced by the insurance firm, despite only paying 10 percent of the car price as insurance fee.
Thus, this situation is considered economically feasible.
Hence, in this case, it is concluded that the correct answer is "Economically feasible."
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i will give branliest if you can answer all these questions
when a company capitalizes a cost, its ______ increase.
Based on accounting principles, when a company capitalizes on a cost, its long-lived assets increase.
This is because long-lived assets are assets that a business enterprise uses for more than one year. It is mainly used for many years.
Long-lived assets are sometimes described as long-term assets. Because the business owners only pay for them once, it is believed that the company capitalizes on its cost to produce more commodities or services.
Hence, in this case, it is concluded that the correct answer is "long-lived assets."
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Beck and Carli are married. Carli purchases a condominium near Downhill Ski Resort. Beck and Carli each technically own an undivided one-half interest in the condo. This is a. community property. b. a joint tenancy. c. illegal.
Based on the fact that both Beck and Carli own an undivided interest in the condo, we can say that this is a. community property
Community property means:
Spouses own half of things acquired in marriage Spouses own these things regardless of who actually bought itWhen a marriage abides by community property, each spouse owns half of everything that was acquired in the marriage. This half is however undivided and only comes into play during divorce proceedings.
In conclusion, this condominium is a community property.
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the motor city miracle playoff game took place on january 8, 2000, when the tennessee titans returned a kickoff for a touchdown with 16 seconds left. what team did the titans beat in that game?
In January 8, 2000, the Motor City Miracle Playoff game took place that saw the Tennessee Titans play the Buffalo Bills.
The Motor City Miracle Playoff game:
Was played between the Buffalo Bills and the Tennessee Titans Ended in victory for the Titans Saw the Titans win with 16 seconds to goIn this very intriguing game, the Buffalo Bills were well on their way to victory after they scored a field goal with 16 seconds to go. The Titans however, scored a touchdown in those mere seconds to win the game 22 - 16
In conclusion, the Tennessee Titans played the Buffalo Bills.
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Charismatic leadership is now considered part of ________ leadership. Multiple Choice humble transformational ethical transactional
Based on leadership skills, Charismatic leadership is now considered part of transformational leadership.
Though there are specific differences between charismatic and transformational leadership, they share various similarities in their approach and execution.
However, the significant difference between the two is that Charismatic leaders tend to improve the status quo better, while transformational leaders emphasize transforming the organization into the leader's vision.
Hence, in this case, it is concluded that the correct answer is option B. "transformational."
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The term that Faber and Kimelberg use to describe the rise in land value and the possible displacement of poor and minority populations from an area as environmental amenities are added is:
Environmental gentrification is the term that was used to illustrate the rise in land value as well as removal of poor and minority populations away as provision of environmental amenities is made by Faber and Kimelberg.
Environmental gentrification can be regarded aa the process involves displacement of low-income residents from a region as environmental amenities are added.This was explaining by Faber and Kimelberg , that once there is rise in land value , there us high possibility of displacement of the poor.Therefore,Environmental gentrification is the correct term.
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