Assertion for the levying of a tax on air polluters
Use the circular flow model to confirm this assertion for the levying of a tax on air polluters?
Expert
This will be an increase in net taxes paid by business. Since business will regard this as an increase in costs, it will decrease its demand for resources, leading to a decreased flow of income to the resource markets. With less money income, households will decrease their consumption demand for goods and services from businesses and business receipts will be less. Also, the decrease in household income will lead to a decrease in net household taxes paid to government.
The distribution of income will be slightly away from profits and therefore toward the other three categories. To the extent that total tax revenues increase, there will be a slight increase in allocation of resources to government away from private enterprise. There will also likely be a reallocation of resources towards pollution control equipment. The increased costs to business, having caused decrease in supply, will tend to increase unemployment and prices.
Adam Smith and most of the typical economists who followed instantly in his footsteps: (i) viewed monopoly as no big problem. (ii) encouraged monopolies due to their research and development abilities. (iii) thought monopoly power was a communist plot
Explain the statement: “The other things equal assumption helps isolate key economic relationships.”?
This Assignment assesses the following module Learning Outcomes:1. Describe current production concepts and techniques in formulating a manufacturing strategy.2. Discuss the development and implementation of manufacturing strategies in the busi
Give a brief introduction of the term Risk Principle?
Use the economic perspective to explain the behavior of the workers? Why do they work so diligently?
Transaction costs tend to be decreased and markets are more efficient when: (w) the government subsidizes a good. (x) inter-market price differentials are eliminated through arbitrage. (y) taxes are used to give for social wants. (z) regulations close
Economists who viewed economics like a subset of jurisprudence combined: (1) John Stuart Mill. (2) Alfred Marshall. (3) Karl Marx. (4) William Stanley Jevons. (5) Adam Smith. Hey friends please give your opinion fo
Define the following terms?
Use the circular flow model to confirm this assertion for a $1 per hour increase in the minimum wage?
Give a brief introduction of the term Control Factor?
18,76,764
1927547 Asked
3,689
Active Tutors
1447975
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!