The principal mechanism for redistributing incomes is A) the tax-and-transfer system. B) antitrust policy. C) market power. D) the production of public goods.
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- Relatives and friends whom the consumer trusts are known as Sources of external information. Select one: a. personal b. marketer-dominated C. stakeholder d. relational e. public Your answer is incorrect. When conducting an information search, various product-rating organizations, such as government agencies and TV consumer programs, are known aSNonprofit human service organizations obtain the majority of their resources from: Group of answer choices A.Federated sources such as the United Way B.Charging fees for their services C.Fund-raising events and direct mail appeals D.Government grants and contracts E.Various for-profit activities17. Identify the type of government policies promoting innovation and social benefit represented by the following scenarios: A. Subsidies B. Taxation C. Research and Development D. Neither 1. Communication Research Inc. applies for a federal grant to support projects in fiber optics ✓2. The federal government gives million to a research firm to help cover cost ✓3. The federal government provides National Defense 24. A pharmaceutical company receives a tax break to pursue research projects
- Price (dollars per unit) Price (dollars per unit) Quantity (units per month) Quantity (units per month) Figure A Figure B Price (dollars per unit) Price (dollars per unit) Quantity (units per month) Quantity (units per month) Figure C Figure D The above figure shows the supply curves in four different markets. If each of the markets has an identical downward sloping demand curve and the same tax is levied on suppliers, which market would produce the smallest amount of deadweight loss? A) C B) D C) A D) BPrice (dollars per unit) Price (dollars per unit) Quantity (units per month) Quantity (units per month) Figure A Figure B Price (dollars per unit) Price (dollars per unit) Quantity (units per month) Quantity (units per month) Figure C Figure D The above figure shows the supply curves in four different markets. If each of the markets has an identical downward sloping demand curve and the same tax is levied on suppliers, which market would produce the largest amount of deadweight loss? O A) B B) D C) A O D) CPERFORMANCE TASK NO. 1 Defining PESTLE You have learned how different environmental factors can affect the market and the business idea that you have. Let us now check how much have you understood of this concept. Using your own words and understanding, define and give at least three (3) examples for each PESTLE factor. Political Factors Definition: Examples: Economic Factors Definition: Examples: Social Factors Definition: Examples: Definition: Technologica I Factors Examples: Legal Factors Definition: Examples: Environmenta Definition: I Factors Examples:
- Match the term with its correct definition. 1. Deflation Externality Fallacy of Composition Trough < A side effect that accompanies production and consumption but which are not included in the price. 2. A decrease in the overall price level. 3. When business activity is at its lowest point in the cycle. 4. The incorrect view that what is true for the individual is also true for the group.Price (dollars per unit) Price (dollars per unit) D Quantity (units per month) Quantity (units per month) Figure A Figure B Price (dollars per unit) Price (dollars per unit) D Quantity (units per month) Quantity (units per month) Figure C Figure D The above figure shows the demand curves in four different markets. If each of the markets has an identical upward sloping supply curve and the same tax is levied on suppliers, which market would produce the smallest amount of deadweight loss? A) A B) B C) D D) CSuppose the federal government requires beer drinkers to pay a $2 tax on each case of beer purchased. (c) Can you identify any government revenues? (d) Is there any inefficiency, and if so, can you define it and label it on the graph? (e) If the producer has an inelastic supply curve, which market participant has the bigger tax burden? Explain.
- Question 3 Some reasons why resources could be allocated inefficiently by the market are negative externalities and positive externalities. (a) Explain, using graphs, what the problem is in each case, and explain possible solutions to each problem. (b) All of these problems might be described as arising due to poorly defined property rights. Explain the relationship of property rights to these instances where the market fails to allocate resources efficiently. (c) Explain how a corrective tax can eliminate the inefficiency caused by a negative externality. Use a graph to assist your explanation (d) Why does the optimal tax promote the efficient use of resources?1. How can a government encourage investment in a specific technology via the tax laws ? ( for example , information technology , sustainability , or environmental protection )What does the research and experimentation tax credit do? It offers a tax benefit to individuals who work in research and development. It offers firms a tax reduction depending on how much research and development they do. Generates significant tax revenue for the federal government. It offers firms a tax reduction depending on hiring of scientific and technical personnel.
