Theoretically high taxes slow the economy because

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Answer 1

High taxes in theory would slow the economy because they redirect money from the private sector to the government and reduce consumption.

How do high taxes slow the economy?

The economy grows when the private sector produces more and grows. High taxes will take money from this sector which would leave less cash for growth investment.

High taxes also reduce the amount that people have for consumption which would reduce Aggregate demand.

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Related Questions

Decisions regarding managing and monitoring day-to-day business activities are referred to as ________ intelligence. analytical transactional operational business production

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Operational intelligence.

What is Operational Intelligence?Operational intelligence (OI) is a subset of dynamic, real-time business analytics that provides visibility and understanding of data, streaming events, and business operations. OI systems use streaming data streams and event data to conduct queries on them in order to offer analytical results as operational directives. OI gives businesses the capacity to make decisions and take fast, manual or automated action in response to these analytical insights.Purpose of Operational intelligence:The goal of OI is to keep an eye on business operations, spot situations including inefficiencies, chances, and threats, and offer operational solutions. Operational intelligence is also described as an event-centric approach to information delivery that enables individuals to make better decisions based on complete and accurate information.

Therefore, decisions regarding managing and monitoring day-to-day business activities are referred to as operational intelligence.

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Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it is responsible for creating trade deficits. helps eliminate the uncertainty about the value of a currency. leads to uncertainty about the value of goods traded internationally. keeps a nation from trading fairly with other nations. is based on the value of gold held by a nations.

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Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it C. leads to uncertainty about the value of goods traded internationally.

What is a floating exchange rate?

A floating exchange rate refers to the foreign exchange rate as determined by the forex market based on supply and demand relative to other currencies.

A floating exchange rate system gives the government more scope to use monetary and fiscal policies to achieve domestic economic stability, unlike a fixed exchange rate regime.

Thus, proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it C. leads to uncertainty about the value of goods traded internationally.

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PLEASE HELP ME!! sos

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The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.

What Is a Blank Endorsement?

A blank endorsement refers to a signature on a financial instrument together with a check. No payee is specified, so any holder of the instrument ought to declare payment. The signature basically turns the instrument right into bearer security.

That is, it isn't registered to any individual however is payable to the individual that possesses it.

Therefore, The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.

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What actions would the fomc likely take if it were to pursue contractionary monetary policy using open market operations?.

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The key movements via are to increase the economy consist of a decreased bargain fee, buying government securities, and a decreased reserve ratio.

When the Fed makes use of contractionary policy?

When GDP in a kingdom is growing too fast, inflicting inflation to grow past a suited charge of two%, central banks will put in force a contractionary economic coverage. The Federal Reserve, or any principal financial institution, has three primary pieces of equipment to reduce the money supply.

A direct advantage of contractionary economic coverage is that it strengthens government budgets. As an instance, whilst the Fed's bargain price increases, the government earns extra cash from the banks that borrow budget from the Fed's cut price window. The government can use this supply of sales to offset spending and decrease price range deficits.

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Savion is restoring a car and has already spent $4,000 on the restoration. He expects to be able to sell the car for $5800. Savion discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. He could also sell the car now, without completing the additional work, for $3,800. What should he do?.

Answers

Based on the amount that Savion would have to spend additionally, he should sell the car now because he would make more profit.

Why should Savion sell the car now?

If Savio makes additional work on the car, the profit would be:

= 5,800 - 2,400

= $3,400

This is as opposed to the $3,800 he could make from selling the car at $3,800 so the best thing to do is to sell the car.

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A company is targeting its marketing by running an advertising campaign showing a hmong family celebrating its traditions during the 4th of july holiday. The ad campaign features the company products being used by the children. What area of consumer decision influence is the marketing campaign using?.

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The area of the consumer decision that is being used by this company is the target of American culture, an ethnic subculture, and family.

What is consumer decision?

This is the term that is used to refer to the decisions that are being made by people in the consumption of goods and services.

People make these decisions based on their families, their culture and the area that they find themselves.

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Ensuring that every fact fits with every other fact best describes: A. the impartiality characteristic a systems analyst needs during requirements determination. B. the reframing characteristic a systems analyst needs during requirements determination. C. the attention to details characteristic a systems analyst needs during requirements determination. D. the impertinence characteristic a systems analyst needs during requirements determination. E. the relaxing of constraints characteristic a systems analyst needs during requirements determination.

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Ensuring that every fact fits with every other fact best describes: the attention to details characteristic a systems analyst needs during requirements determination.

What is requirement determination?

The process of determining needs entails researching the current system in order to identify its requirements, functioning, and potential areas for improvement.

Requirement determination involves following activities:

The system is being examined, and its attributes are being recorded for future research.At the core of system analysis, fact-finding methods, prototyping, and computer-aided tools are used to record and describe system features.

The important characteristics of requirement determination-

The first stage is acquiring information.The second stage is creating the draft.The third stage is to examine the draft.The Code is formally approved in step four.Presenting the Code is step five.Sixth step is implementing the Code.

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Sophia's family is growing, and she needs to buy a bigger car by financing it for five years. why is it important for her to check the information recorded on her
credit report?
to verity that her report reflects accurate on-time payment history
to confirm that her report has the correct car brand and model
to check that her report includes the appropriate maintenance schedule
to ensure that her report shows the correct license registration

Answers

It is important for her to check the information recorded on her credit report to verity that her report reflects accurate on-time payment history.

What is credit report?

This refers to the list that shows a client data about their credit activity such as loan paying history, status of credit accounts etc

Hence, Sophia needed to check the information recorded on her credit report to verity that her report reflects accurate on-time payment history.

Therefore, the Option A is correct.

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Answer:

A. to verity that her report reflects accurate on-time payment history

Explanation:

An investment adviser representative has been reviewing the likelihood that an equity investment will produce the desired return. He has determined that the mean return on the investment is 15%, with a 12% standard deviation, and a 95% probability of occurrence. This means that he would expect the range of returns to be approximately:

Answers

The investment adviser would expect the range of returns on the equity investment to be between 5% and 35%.

What is the range of the desired return?

The lower bound of the range is:

= Mean return - Standard deviation

= 20% - 15%

= 5%

The upper bound of the range is:

= Mean return + Standard deviation

= 20% + 15%

= 35%

The range is therefore 5% to 35%.

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The range of returns to be approximately 3.00% - 27.00%

What is investment?

An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.

A 12% standard deviation means that the investment return can vary plus or minus 12% from the mean (average) return over the course of a year. With a 15% average (mean) return, it might fall as low as 3% (15% - 12% deviation); or it might rise as high as 27% (15% + 12% deviation).

The probability of the return falling in this range is 95%. This has nothing to do with the actual calculation of the range of returns.

As a result, 3.00% - 27.00% is correct.

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BI represents a bold new paradigm in which the company's business strategy must be aligned to its business intelligence analysis initiatives. Group of answer choices True False

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The answer is, False.

A collection of tools (technology, applications, etc.) known as business intelligence (BI) is used to enable better business decisions. BI is a tool for achieving goals, not a goal in and of itself.BI is a crucial tool since technology is advancing quickly and steadily.For instance, it took Walmart several decades to overtake Sears as the leading retailer in the United States, but Amazon did so in only a few short years. Our world has radically transformed as a result of new technology, and no organization can afford to fall behind.

What do you mean by business intelligence?Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions.

What is business intelligence give examples?BI encourages the use of historical data to promote fact-based decision making as opposed to assumptions and intuition. Data analysis is carried out by BI tools, which also produce reports, summaries, dashboards, maps, graphs, and charts to give users a thorough understanding of the nature of the business.

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The law of supply indicates that, other things equal, Multiple Choice producers will offer more of a product at high prices than at low prices. the product supply curve is downsloping. producers will offer more of a product at low prices than at high prices. consumers will purchase less of a good at high prices than at low prices.

Answers

The law of supply generally asserts that the producers will offer more of a product at high prices than at low prices.

What does law of supply states?

The economic law states the higher the price, the higher the quantity demanded; because the sellers get more profit when the price is higher, this encourages the producer to produce at high price.

Therefore, the Option A is correct.

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According to Michael Kremer, large populations: a. require the capital stock to be spread thinly, thereby reducing living standards b. place great strains on an economy's productive resources, resulting in perpetual poverty c. are a prerequisite for technological advances and higher living standards d. are not a factor in determining living standards

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According to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.

Who is Michael Kremer?

Michael Kremer is an American development economist and a Nobel Prize winner for developing an innovative economic theory for poverty alleviation, especially in large populations.

Michael Kremer did not think that large populations disadvantaged the nation, but it could be a factor in increasing the living standards through technological advances.

Thus, according to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.

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Consider a hypothetical market for salt in Canada. If the world price of salt is $40 per ton and Canada allows free trade, Blank______ tons of salt would be imported to Canada. Suppose the Canadian government imposes a tariff of $20 per ton on salt. The new price would be equal to Blank______.

Answers

Based on the world price of $40, if Canada engaged in free trade, the tons of salt imported would be 1,200 tons.

If a tariff of $20 per ton was imposed, the new price would be $60.

How much salt would Canada import?

Canada would import:

= Domestic demand at $40 - Domestic supply at $40

= 1,800 - 600

= 1,200 tons

If the government imposed $20 tariffs on salt, the price would go to:

= Price of salt + tariff

= 40 + 20

= $60

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Of the following, which is the BEST example of an extended family?

Jermaine, a divorced father, has custody of his two sons and lives with them in a small home.

Amy and Lisa, a married gay couple, live with their adopted daughter in an apartment in Manhattan.

Dimitri, his parents, his two brothers, and his mother’s parents live on a farm in southeast Iowa.

Michail and Sasha, along with their daughter Tatiana, live in a townhouse in the suburbs of Chicago.

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Answer:

Dimitri, his parents, his two brothers, and his mother’s parents live on a farm in southeast Iowa.

What was the opening price of dow jones industrial average on jun 01, 2017 in the format of xxxxx.xx?

Answers

Answer:

21080.28.

Explanation:

Consumers experience ______ marginal utility the more they consume of a particular good or service.

Answers

Consumers experience diminishing marginal utility the more they consume of a particular good or service.

Marginal utility is the added satisfaction that a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase.

Positive marginal utility occurs when the consumption of an additional item increases the total utility. On the other hand, negative marginal utility occurs when the consumption of one more unit decreases the overall utility.

The law of diminishing marginal utility states that all else equal, as consumption increases, the marginal utility derived from each additional unit declines.

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(Scenario: Assets and Liabilities of the Banking System) According to the Scenario: Assets and Liabilities of the Banking System, suppose that the reserve ratio is 10 percent when the Federal Reserve sells $25,000 worth of U.S. Treasury bills to the banking system. If the banking system does NOT want to hold any excess reserves, _______ will be _______ the money supply.

Answers

If the banking system does NOT want to hold any excess reserves,  $250,000 will be added to the money supply.

What is an excess reserves?

Excess reserves is known to be the capital reserves that is said to be held by a bank or financial institution and it is one that is too much or is in excess of what is needed by regulators, creditors, or others.

Since there is  $25,000 worth of U.S. Treasury bills, one will multiply it times 10 = $250,000

Therefore,  If the banking system does NOT want to hold any excess reserves,  $250,000 will be added to the money supply.

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Which statement best describes the performance of mutual funds over the last 4 or 5 decades? A. While some mutual fund managers are able to beat the market consistently, the majority of mutual funds underperform the market index at every point in the market cycle as well as in the long-run. B. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index. C. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run approximately half of all mutual funds underperform the market index. D. No mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index.

Answers

The correct option is (d).

Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit. Each variety has unique characteristics, dangers, and benefits.The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation. The Sharpe ratio tells investors if an investment's results are the result of prudent investing decisions or an outcome with excessive risk.

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Manu works for an auto parts company in New York. He provides information and advice that are not available online to his clients, who are mainly small businesses like Briarcliff Auto. Manu provides credit to Briarcliff Auto, coordinates supplies of parts from several sources to Briarcliff Auto, delivers parts to Briarcliff Auto, and processes returns. Manu is a _______. a. distributor b. reseller c. marketer d. businessmen

Answers

Manu is a distributor.

What is a distributor?

A distributor is an organization that purchases non-competitive products or product lines and sells them directly to consumers or clients. The majority of distributors also offer a number of other services, including technical support, warranty, and service.

To access markets that manufacturers could not otherwise target, distributors are crucial. Because a local business already has clients, relationships, and contacts, and is more familiar with the customs and business culture of the area, businesses frequently hire distributors. A potential customer's first point of contact with the manufacturer is the distributor.

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The greatest amount of satisfaction comes from which utility?

Answers

The greatest amount of satisfaction comes from good's consumption of utility or say utility maximizer.

What is the term about?

A utility maximizer is known to be a person that seeks to get the highest satisfaction or happiness.

Utility is known to be the happiness or benefit consumers gotten from a good's consumption.

Therefore, The greatest amount of satisfaction comes from good's consumption of utility or say utility maximizer

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What feature allows the customer to edit the payment date field when viewing an online invoice?.

Answers

In the Online invoice, the edit features allows the customer to edit the payment date field.

What is the edit features?

In an Online invoice such as in the CRM, this is a features that ensures that  customers can edit their input after initial submission.

Hence, the edit features in online invoice allows the customer to edit the payment date field.

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complete the following analogy. disobedience : punishment :: unemployment : ___________

Answers

The Analogy of unemployment is Penury

Analogy can be described as when two objects are compared together, it could also mean the similarities between two things.

Unemployment is a state of having no job or something doing tp bring money. In a state of unemployment, the individual us said to be struggling and poor

Penury means lack of essential resources and having no money


Hence unemployment and penury are similar in meaning

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The most lucrative podcasts can make about how much money per podcast off ads?
A. $25,000
B. $70,000
C. $14,000
D. $52,000

Answers

$500-$900 per episode

Which of the following is a reason the government can’t completely control the business cycle

Answers

The basic reason is the government can’t control interest rates is the business cycle. Changes in interest rates should be reflected in the business cycle.

What is business cycle?

The term "business cycle" is used by economists to describe the increase and decrease in economic activity over time.

The interest rate cycle is closely related to the business, trade, and economic cycles. Theoretically, changes in interest rates should be reflected in the economic cycle. But the government can’t completely control interest rates.

Governments attempt to control business cycles through spending, tax increases or decreases, and interest rate changes. In order to stifle inflation and slow down the economy, the government will raise interest rates.

As a result, option (b) the government can't control interest rates is correct.

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Which of the following will probably happen to a product when demand is low?
A. The price will go up.
B. The price will go down.
C. The price will stay the same.
D. The price will change based on inflation.

Answers

Answer:

Answer = B

Explanation:

If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable

In july, lane co. Sells merchandise to avery co. On account. In august, avery pays the balance in full. The entry that lane will make to record the receipt of cash will include a credit to the _______ account.

Answers

The entry that lane will make to record the receipt of cash will include a credit to the Accounts Receivable account.

What is Accounts Receivable?

Accounts Receivable is the amount, which a company will receive from its customers who have purchased its goods & services on credit.

It refers to the money that the customer owe to the company for the goods or services that they have already received but not yet paid for.

For example- Goods purchase on credit by ABC, the amount gets added to the accounts receivable.

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Assume that the promissory note from Vexnet to Onyx Advertising was payable on a date certain (and all other requirements were met) so that it was a valid negotiable instrument. How would the instrument be negotiated

Answers

The way the instrument need to be negotiated is that Since it is an order instrument, it is negotiated by delivery and indorsement.

What is  negotiable instrument?

A negotiable instrument is known to be a kind of a signed document that tells or promises a  given amount of payment to a particular individual or the assignee.

Note that in the case above, The way the instrument need to be negotiated is that Since it is an order instrument, it is negotiated by delivery and indorsement.

See options below

Since it is an order instrument, it is negotiated by delivery only.

Since it is a bearer instrument, it is negotiated by delivery and indorsement.

Since it is a bearer instrument, it is negotiated by delivery only.

Since it is an order instrument, it is negotiated by delivery and indorsement.

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Identify the correct definition of an asset. Multiple choice question. An asset is an amount owed to a creditor. An asset is a resource that a business owns or controls. An asset refers to the claims of a business's owners.

Answers

The proper definition of an asset is a resource that a corporation owns or controls, one that has economic worth and improves the financial situation of the firm. The best way to describe an asset is option B.

Something with an economic worth that a person, bunch, or company may claim or manage is alluded to as an asset. It stands for an inescapable choice in the longer term which can make strides within the money-related consistent quality of the organization.

Both tangible and intangible assets are considered assets, and they are often divided into distinct categories on a balance sheet, such as current assets (short-term assets like cash, accounts receivable, and inventory) and non-current assets (long-term assets like property, equipment, and investments).

Hence, the correct option is B. An asset is a resource that a business owns or controls.

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The given question is not in proper format; below is the question.

Identify the correct definition of an asset. Multiple choice questions.

A. An asset is an amount owed to a creditor.

B. An asset is a resource that a business owns or controls.

C. An asset refers to the claims of a business's owners.

When the project may be completed early with some parts of the project eliminated this is considered to be

Answers

A premature closure occurs when the project may be completed early with some parts of the project eliminated.

What is a premature closure?

This refers to a situation whereby the project is of strategic importance and must be delivered earlier than expected.

Hence, this also occurs when the project may be completed early with some parts of the project eliminated.

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In order to manufacture their high-end mountain bikes, Pedal On Inc., needs a special oil it can only import from a company in India. In turn, that company can only produce the oil with ingredients it obtains from the exclusive producer in Thailand. The company in Thailand agrees to provide the ingredients to the company in India in exchange for a quantity of mountain bikes from Pedal On. This beneficial exchange is a form of

Answers

Based on the fact that this exchange will be beneficial to both the Thai company and Pedal On Inc, this is a form of quid pro quo.

What is quid pro quo?

This is a form of exchange where a party gives the other party something they want and the other party returns the favor by giving something that first party wants.

In this exchange, Pedal On Inc. will get the exclusive oil that they want, while the Thai company will get a quantity of mountain bikes.

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