« previous next »

Author Question: All of society's applied knowledge on how to produce goods and services is A) held by university ... (Read 77 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jun 29, 2018
All of society's applied knowledge on how to produce goods and services is
 
  A) held by university professors.
  B) called technology.
  C) opportunity cost.
  D) efficiency.

Question 2

Explain why an increase in the tax rate can result in lower tax revenues.
 
  What will be an ideal response?


irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

According to dynamic tax analysis, consumers may react to a higher tax rate by cutting back on purchases of goods and services included in the tax base. The reduction in the tax base may eventually be sufficiently large so that tax revenues decline.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

A single crossover cannot produce a viable recombinant A single crossover cannot produce a viable recombinant
Transdermal patch administration: (b) patch immediately applied to clean, dry, hairless skin and lab Transdermal patch administration: (b) patch immediately applied to clean, dry, hairless skin and lab
Deficient knowledge in using crutches Deficient knowledge in using crutches
An AC voltage is produced by a magnetic sensor. Most sensors should produce at least 0.1 volt AC ... An AC voltage is produced by a magnetic sensor. Most sensors should produce at least 0.1 volt AC ...
Direct pressure applied to a sinus reflex on the tip of a toe. Direct pressure applied to a sinus reflex on the tip of a toe.
Floral components. Anthers produce pollen and ovules produce eggs. Floral components. Anthers produce pollen and ovules produce eggs.
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library