« previous next »

Author Question: All of society's applied knowledge on how to produce goods and services is A) held by university ... (Read 76 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?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Iowa State University's Tornado/Microburst Simulator Iowa State University's Tornado/Microburst Simulator
A squirrel in the Cambridge University Botanic Gardens A squirrel in the Cambridge University Botanic Gardens
Values, both those held by individuals and those that represent a nation or people, can undergo deep ... Values, both those held by individuals and those that represent a nation or people, can undergo deep ...
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ... In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ...
Video: Definition of heart rate

For a complete list of videos, visit our video library