Most citizens are benefited from the taxes that are collected by the government because no one lives in isolation, tax dollars from a variety of assets gain you, your own family, and your associates, no matter the dimensions of earnings.
Every time you get into your vehicle and travel on a public dual carriageway, you experience roads constructed, maintained, and paid for with the aid of national and local avenue finances replenished by using tax greenbacks. In exercise, besides refundable tax credits like the Earned profits Tax credit score (EITC) and infant Tax credit score (CTC), tax costs generally advantage the top 20% of families. this is why its referred to as “welfare for the top center magnificence.” most benefits are spent on the aged, via Social security and Medicare, and nearly every family with an adult over sixty-five receives federal advantages of some kind of authorities benefit means cash or financial cost given to a person via a Federal, kingdom, or local government agency for purposes of economic assistance,
inclusive of unemployment repayment, supplemental dietary assistance program advantages, and Social security advantages. services inclusive of police safety, education, toll road building and preservation, welfare programs, and sanatorium and fitness care. it performs a considerable role in imparting goods consisting of national defense, infrastructure, schooling, security, and fireplace and environmental protection nearly everywhere. those goods are often referred to as “public goods”.
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What the difference between standard deduction and itemized?
Standard deduction is a benefit that eliminates the need for many taxpayers to itemize actual deductions. However, if your ITEMIZED DEDUCTIONS are higher, you will want to itemize to get the lower tax liability.
The standard deduction is a set monetary amount that lowers your taxable income. Your filing status affects the standard deduction you are eligible for. Second, you might be interested in knowing the standard deduction amounts.
Your adjusted gross income (AGI) is also reduced by itemized deductions, although they operate differently from a basic deduction. The amount of itemized deductions varies from taxpayer to taxpayer, unlike the standard deduction.
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What is the role of the individual in a mixed economy?
Private persons are permitted can own and control part (if not all) of the production components in a mixed system.
What exactly is an economy?A series of connected production and consuming activities that are generally referred to as the economy ultimately decide how resources are distributed within a society. The individuals who live nearby and do business there are satisfied by the production activities and consumption of items on a general level.
What do you call the current economic climate?The American economy seems diverse and has components of both capitalism and socialism. Such a capitalist market supports this same free market owing to the use of capital, but it also allows for government engagement for something like the greater good.
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Is it better for a country to have an absolute advantage or comparative advantage?
Absolute advantage is the ability to produce an increased number of goods and services at better quality than competitors. In contrast, Comparative Advantage signifies the ability to manufacture goods or services at a relatively lower opportunity cost.
competition is a rivalry wherein or extra parties try for a not unusual purpose which can't be shared: wherein one's advantage is the other's loss (an example of that's a 0-sum recreation).[1] opposition can get up among entities such as organisms, people, economic and social companies, and so on. The competition may be over attainment of any distinctive intention, which include popularity.
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What goods are considered elastic?
Elastic goods encompass luxurious gadgets and sure food and liquids as changes of their charges affect demand. Inelastic goods may also encompass items consisting of tobacco and pharmaceuticals as demand frequently remains regular no matter fee adjustments.
An elastic good is described as one where a trade in rate results in a vast shift in call for and in which substitutes are available for an item, the more elastic the best may be.
The charge elasticity of demand is calculated by way of dividing the proportion exchange in quantity demanded through the share exchange in charge.
Elastic goods are goods which have a significant change in demand or deliver in reaction to a change in rate. generally, these are items that are not considered requirements, or goods for which there are substitutes without problems available.
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What is the difference between retail and consumer banking?
In contrast to corporate banking, which is the area of the banking sector that serves corporate clients, retail banking refers to the portion of a bank that actually deals with retail consumers.
An illustration of a banking group ?
Commercial banks, which provide a broad variety of consumer banking services, are one form of retail bank. Deposit certificates (CDs), saving and savings account, debit and credit cards, and other common services are just a few examples.
Differences between retail and business banking ?
Individuals can manage their daily finances with the help of retail banks, which offer loans, checking and term deposits, and other services. However, commercial banks provide services including bank deposits, financing, credit lines payment systems, and more to assist businesses in starting, running, and expanding.
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Suppose that unusually hot weather causes the demand curve for ice cream to shift to the right. Why
will the price of ice cream rise to a new market clearing level?
The price of the ice cream would lead to the new clearing ground due to the fact that increased demand would bring about the raise in price of the good.
How does demand cause price to increase?Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price. 1. Consumers now place a higher value on goods, and producers must charge a higher price to offer the goods; as a result, prices will rise for all quantities.
According to the rule of supply and demand, prices are likely to increase when there is a greater demand than there is for an item or service. In these situations, suppliers frequently produce more in order to meet demand and seize margin possibilities.
When demand is constant, there is an inverse relationship between supply and prices of products and services.
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the city government spent $500 million more than it had in tax revenue this year. what would be the impact on the city's budget and national debt?
The city government spent $500 million more than it had in tax revenue this year. There is a deficit in the budget, and as a result, the debt will grow by a deficit of $500 million
What is tax revenue as it relates to budget?Generally, Tax revenue is defined as the sum of all revenues collected from various types of taxation, including but not limited to taxes on income and profits, social security contributions, taxes imposed on goods and services, payroll taxes, taxes on the ownership and disposition of ownership, and other types of taxes.
This year, the municipal administration had expenditures that were $500 million more than the tax money it had collected. Due to the fact that there is a deficit in the budget, the amount of debt will continue to increase.
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What are the 4 types of financial markets and its functions?
According to the Corporate Finance Institute, financial markets can be classified into four types: Stock market, Bond market, Derivatives market, and Commodities market.
Stock market: shares of public companies' properties are traded. Each share has an assigned price, and those who invest in this market obtain profits when the shares behave positively.
Bond market: companies and the government are offered the possibility of obtaining money to finance a project. Investors acquires bonds from companies that later returns them the value of the bonds plus interest.
Derivatives market: includes derivatives and contracts, the value is based on the market value of the asset traded.
Commodities market: trade of natural resources and commodities such as oil, gold, corn and meat.
The main benefits of financial markets are the possibility of accessing savings accounts and loans/credits for personal, business, or education loans. They are also institutionalized spaces where individuals can access businesses for different assets, generate profits, add value to their products and goods, etc.
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What is it called when supply and demand are equal to each other?
A market is in equilibrium when a product's demand is equal to supply. As a result, neither an excess nor a shortage of products exist.
What Is Equilibrium in the Economy?An economic equilibrium is said to exist when all market factors are in harmony. Without external inputs, economic variables largely stay at their equilibrium values. There are two different types of equilibrium: microeconomic and macroeconomic. Supply and demand among sellers and buyers are balanced in microeconomics.
The significance of equilibrium in economics.Equilibrium is essential for a marketplace to be both effective and balanced. As long as the quantities offered and sought are in balance, a market cannot deviate from its equilibrium price.
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if a company uses a strategy of coordinating all media and messages focused at the consumer to provide a clear and persuasive message this is called?
If a company uses a strategy of coordinating all media and messages focused at the consumer to provide a clear and persuasive message this is called Integrated marketing communications.
What is meant by integrated marketing?The IMC is a "branded interaction meant to ensure that all brand contact a customer or prospect receives about a product, service, or organization is relevant to that individual and consistent across time," according to the American Marketing Association. defined as the process of planning. For the purpose of narrating stories and disseminating ideas, we use several media types, or channels. An excellent TV advertisement can serve as the launchpad for an integrated marketing effort.
To provide a seamless, customer-focused experience, integrated marketing combines all aspects of marketing communications, including public relations, social media, and advertising. This implies that your message should appear the same and sound the same across all platforms.
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What is the name of the international institution that governs more than 80% of world trade membership and can enforce its provisions?
Governments and municipal territories that make up the World Commerce Organization (WTO) establish, implement, and uphold the international standards for trade among themselves.
What does provision provide as a means of?A provision is money set aside in the accounts to pay for any liabilities in the future. A provision is used to account for costs that may, to some measure, be compensated for in the current or preceding financial year, improving the accuracy of the balance for the current year.
What preparations should be made?A lease agreement known as a "business make good term" demands that the tenant hand the keys to the house in the same state that she or he found it.
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What is the purpose of economic regulation?
Economic regulation readily offers a guarantee to customers who need to bear the fee of those selections that the ones fees are certainly fair and affordable.
Economic regulation refers to a hard and fast of restrictions or rules promulgated by means of government administrative corporations thru rulemaking supported by a threat of sanction or a best. Regulatory economics is the economics of regulation. it's miles the utility of regulation by authorities or regulatory groups for diverse functions, including remedying market failure, protective the environment and monetary control.
Examples of monetary regulation consist of the manipulate of the Federal Reserve on banks to decide their reserve necessities and the regulation of wages to decide the minimal salary of employees.
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Does high inflation mean bad economy?
What are 4 things you should consider before opening a checking account?
Four things you should consider before opening a checking account: Insurance, Minimum deposit requirements, Fees, and ATM network.
A bank account is a relatively liquid kind of transaction account with a bank or other monetary firm that permits the holder to make deposits and withdrawals. Checking debts are designed to be used daily, making an allowance for numerous deposits and withdrawals, in place of much less liquid financial savings or funding debts.
Checking account: A checking account offers clean get entry to your cash to your everyday transactional wishes and enables maintain your coins relaxed. customers can generally use a debit card or assessments to make purchases or pay bills. accounts may additionally have special alternatives to assist keep away from the month-to-month service fee.
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dollar diplomacy examples
Dollar diplomacy sought to bolster the suffering economies of Latin American and East Asian international locations at the same time as additionally expanding U.S. commercial pursuits in one area. U.S. interference in Nicaragua, China, and Mexico as a way to shield American hobbies are examples of dollar diplomacy in action.
Dollar diplomacy relations, foreign coverage created by means of U.S. Pres. William Howard Taft (served 1909–13) and his secretary of the kingdom, Philander C. Knox, to make certain the economic balance of a location whilst defensive and extending U.S. business and financial hobbies there.
From 1909 to 1913, President William Howard Taft and Secretary of kingdom Philander C. Knox accompanied an overseas coverage characterized as "dollar diplomacy". It become a policy wherein Americans have an impact on what could be exerted mostly by means of American banks and economic interests, supported in part by means of diplomats.
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What are the causes of business cycle?
The business cycle is caused by the forces of supply and demand—the movement of the gross domestic product GDP—the availability of capital, and expectations about the future. This cycle is generally separated into four distinct segments: expansion, peak, contraction, and trough.
Every nation's financial system fluctuates among intervals of enlargement and contraction. These modifications are brought on by ranges of employment, productivity, and the full call for and deliver of the nation's items and services.
In the short run, those modifications cause intervals of enlargement and recession. There are essentially crucial stages in a commercial enterprise cycle which can be prosperity and depression. The different stages which can be enlargement, peak, trough and recovery are middleman stages.
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What are the first 10 amendments to the Constitution which are a summary of citizens rights & Freedoms?
A constitution is the collection of fundamental principles or established precedents that serve as the legal foundation of a polity, organization, or other type of entity and commonly govern how that entity is to be governed. "elected by the people.
The first ten Amendments to the Constitution are known as the Bill of Rights. It outlines the rights of Americans in relation to their government. It guarantees the individual's civil rights and liberties, such as freedom of speech, press, and religion. It establishes rules for due process of law and delegated to the people or the states all powers not delegated to the federal government. It also states that "the enumeration of certain rights in the Constitution shall not be construed to deny or disparage others retained by the people."
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role of collective bargaining in industrial relations
An way of solving issues at work is through collective bargaining. It's the most effective way to increase pay in America. Indeed, workers support higher salaries, perks, and safer working conditions due to trade unions.
What serves as a means for provision?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.
Which preparations are required?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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Is the Fed part of the banking system?
The Federal Reserve, our primary bank of ours, offers the state a safe, flexible, and stable financial and monetary device.
The framers of the Federal Reserve Act developed a critical banking gadget that might broadly represent the general public interest. Nonmember banks are monetary establishments that aren't contributors to the Federal Reserve machine. They may be network banks, credit unions, or business banks. national banks are required to sign up for the Fed, whilst country banks can be part of it in the event that they meet sure necessities.
Countrywide banks must be members of the Federal Reserve machine; however, they may be regulated by means of the workplace of the Comptroller of the Currency (OCC). The Federal Reserve supervises and regulates many large banking establishments due to the fact it's far the federal regulator for bank-keeping companies (BHCs).
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What are examples of regulatory issues?
The examples of regulatory issues are given below:
1. Data privacy laws such as the General Data Protection Regulation (GDPR) in the EU and the California Consumer Privacy Act (CCPA) in the US.
2. Environmental regulations such as the Clean Air Act, the Clean Water Act, and the Endangered Species Act.
3. Antitrust laws that seek to prevent monopolies and promote competition.
4. Financial regulations such as the Dodd-Frank Wall Street Reform and Consumer Protection Act.
5. Labor regulations such as minimum wage laws and workplace safety standards.
6. Intellectual property laws such as copyright, trademark, and patent laws.
What is regulatory?
Something like this that holds you to a rules is referred to as regulatory. The same applies to other forms of punishment, including detention. Your mother is being controlling when she forbids you from running through the house. You'll see that the word regulate is mostly in the regulatory form. This is due to the fact that everything that is regulated is regulated. Another word that comes to mind is probably "regular." Regulations, such as being required to stay inside during recess, are put in place to maintain order, which includes not breaking any laws or regulations. Regulations are put in place to prevent you from acting inappropriately.
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What are 3 advantages of a loan?
The 3 advantages of a loan are:
Flexible Options.
Lower Interest Rates or Interest-Free Rates. ...
A Longer Repayment Period.
Banks may additionally approve you for a loan and provide you with the money within the same day, but the whole method of making use of and getting investment should take several business days. a few credit unions offer identical-day (or very fast) alternatives. Alliant Credit Union, as an example, may provide funding on the identical day you observe online.
Borrow is a kind of quick-term loan provided via the coins App platform. that is how it works: if you're eligible you could take out a loan from $20 to $2 hundred. then you have four weeks to pay returned the loaned quantity plus a 5% flat charge.
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What are the differences between retail banks credit unions and online banks?
Savings accounts and term deposits are among the financial services that are provided by banks or credit unions (CDs).
What is a financial issue?
Inability to pay off debts in the short- or long-term is a sign of financial difficulty. Debt reduces one's purchasing power and makes managing money more difficult. Stressful situations arise due to financial issues until all debts are paid.
What is stress due to finances?
Financially stressful situations can include quitting your job or getting laid off, being out of work for an extended period of time, being unable to find full-time employment, and are unable to pay your bills, or being unable to cope with the rising cost of living.
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the last such reversal occurred about how many years ago? a. 680,000 years b. 780,000 years c. 880,000 years d. 980,000 years
last such reversal occurred about B. 780,000 years which was so many years ago.
What are magnetic reversals ?These reversals can be seen as one that is random with no apparent periodicity to their occurrence.
It an be deduced that their occurence is as often as every 10 thousand years or so and as infrequently compare to 50 million years or more how ever the las one took place around the 780,000 years ago.
It should be noted that Since the original discovery of magnetic reversals, it was establisehed that the reversals have occurred over the past 10 million years .
Therefore, option B is correct.
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missing option:
Since the original discovery of magnetic reversals, scientists have shown that these reversals have occurred over the past 10 million years at an average rate of 4 to 5 reversals per million years. The last such reversal occurred about how many years ago?
Which US president used dollar diplomacy in Nicaragua?
The US president used dollar diplomacy in Nicaragua was President William H. Taft.
Diplomacy is the art and technological know-how of keeping peaceful relationships among countries, agencies, or individuals. frequently, diplomacy refers to representatives of different agencies discussing such issues as war, change, the surroundings, era, or protection. those who exercise international relations are known as diplomats.
This might consist of negotiating exchange deals, discussing mutual issues, enforcing new guidelines, and tackling disputes. The effects that can get up if diplomatic family members aren't had can be very critical – warfare, violence, or even war.
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You are considering acquiring a firm that you believe can generate expected cash flows of $10,000 a year forever. However, you recognize that those cash flows are uncertain. (LO12-2)
a. Suppose you believe that the beta of the firm is .4. How much is the firm worth if the risk-
free rate is 4% and the expected rate of return on the market portfolio is 11%?
b. By how much will you overvalue the firm if its beta is actually .6?
The price of the company or really well worth of the company is $147058.eighty two rounded off to two decimal places.
The required details for price in given paragraph
We first want to calculate the specified price of go back for this company to be able to be used as the cut price price within side the valuation of the company the usage of the discounted coins waft methods.
Using the CAPM we will calculate the specified price of go back as,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the hazard unfastened price
rM is the go back on Market
So,
r = 0.04 + 0.4 * (0.11 - 0.04)
r = 0.068 or 6.8%
As the coins flows the company can generate are anticipated to stay consistent thru out and they're generated after identical c programming language of time, this could be handled as a perpetuity. The gift price of a perpetuity is calculated as follows,
Present Value of perpetuity = Cash Flow / r
Present price of perpetuity = 10000 / 0.068
Present price of perpetuity = $147058.8235
So, the price of the company or really well worth of the company is $147058.eighty two rounded off to two decimal places.
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What is the direct financing?
Direct financing occurs when you request for a loan from the same lender—typically a bank or other financial institutions.
If you choose direct financing, the dealership will provide you with information on your specific loan or interest rate as well as the total amount you must pay there. Two of the key advantages of direct finance are its versatility and customizability. You can fill out as many loan applications as you'd like, either before or after shopping. Plus, you have total control over the process when dealing with a lender directly.
One disadvantage of direct funding is that it often takes more time. You should also do some research to determine your best possibilities.
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Are goods that are necessities elastic or inelastic?
Are goods in general, necessities and medical treatments tend to be inelastic, while luxury goods tend to be most elastic.
Goods which can be taken into consideration critical have a low elasticity of call for. Electricity, gas, oil, and water are all tremendously inelastic due to the fact purchasers depend upon those as requirements as opposed to luxuries. Goods with an elastic call for have a tendency to be non-requirements, consisting of amusement objects or luxuries.
Goods with an inelastic call for have a tendency to be important objects, consisting of food, fuel, and medicine. Elastic call for is resulting from fee, income, advertising, availability of substitutes, and different productsThe call for for requirements or important items is inelastic due to the fact something can be the modifications withinside the fee of those items, their call for does now no longer extrade drastically. For instance call for for milk, salt,etc.
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What is the 14th 15th and 16th Amendments?
Answer:
The 13th Amendment abolished slavery. The 14th Amendment gave citizenship to all people born in the US. The 15th Amendment gave Black Americans the right to vote.
Explanation:
which costing method can be helpful to management in setting prices because it reflects full costs that sales must exceed for the company to be profitable?
The absorption cost data is helpful since it displays the total expenses that the firm must exceed in order to be profitable. Hence, the correct answer is absorption cost.
What does absorption costing mean?The total absorption costing accounting technique considers the overall cost of producing an item or providing a service. TAC includes all production overheads, whether "fixed" or "variable," in addition to material and labor expenses. Each cost center might be connected with both direct and indirect expenses. Direct costs may be easily found by using particular cost centers. In contrast, it is difficult to link a cost center to indirect expenses. The term "association" refers to how overhead is distributed among departments. Primary apportionment, often known as distribution, is a mechanism for allocating overheads to production and service divisions.
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which of the following statements best describes how productivity relates to activity?
The statement "Productivity is an activity that leads to making progress." best describes how productivity is related to activity.
Give a brief account on productivity.Productivity in economics can be regarded as the ratio of output to input, which might include labor, capital, or any other kind of resource. The economy is typically measured as a ratio of hours worked to gross domestic product (GDP). By further subdividing labor productivity, it is feasible to investigate trends in wage levels, salary growth, and technological development. An increase in productivity has a direct impact on business profits and shareholder returns.
Productivity is a gauge of a company's internal manufacturing process effectiveness. It is determined by dividing the quantity generated by the number of units produced or by dividing the company's net sales by the number of employee labor hours. Productivity is the primary force behind economic growth and competitiveness.
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The complete question is mentioned below :
Which of the following statements best describes how productivity relates to activity?
A. Productivity is the opposite of activity.
B. Productivity and activity are identical.
C. Productivity is an activity that can be replicated by other people.
D. Productivity is an activity that leads to making progress.
