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What category does subsidies excise taxes and regulation belong in economics?
Government's influence on supply is the category that subsidies excise taxes and regulation belong in economics.
How can taxes and subsidies effect in supply?
Taxes can decrease the supply when they are raised and increase the supply when they are lowered. Subsidies, on the other hand, can raise the supply when raised and lower the supply when they are lowered.
What does RATNEST mean in economics?
Resource prices, Alternative prices, Technology improvements, Number of sellers/firms, Expectations of suppliers/producers, Subsidies, Taxes
What is GDP at FC?
GDP fc is the gross domestic product at factor cost. the production cost for the overall goods and services produced with in an economy. GDP at factor cost = GDP at market price + net indirect taxes net indirect taxes = subsidies - indirect taxes
What are some determinants of individual supply?
The price of the product, the price of input goods that are used to make it, the state of the industry's technology, government taxes and subsidies and expectations about the future market price of the good.
Compare and contrast why taxes were collected in the past and why they are collected today?
seema nayak seema nayak
What category does subsidies excise taxes and regulation belong in economics?
Government's influence on supply is the category that subsidies excise taxes and regulation belong in economics.
Discuss the use of indirect taxes and subsidies by governments to deal with externalities?
discuss the use of indirect taxes and subsidies by governments to deal witn externalities
How can taxes and subsidies effect in supply?
Taxes can decrease the supply when they are raised and increase the supply when they are lowered. Subsidies, on the other hand, can raise the supply when raised and lower the supply when they are lowered.
Compare and contrast Robert nozick and john rawls?
Robert Nozick and John Rawls are both influential political philosophers who have differing views on justice. Nozick is a proponent of libertarianism, which prioritizes individual rights and minimal government intervention. Rawls, on the other hand, argues for a form of distributive justice that aims to reduce inequality through principles such as the difference principle. While Nozick is more concerned with procedural justice and individual rights, Rawls focuses on outcomes and social justice.
Internalize an Externality?
to compensate an externality if it is an external cost then taxes will be imposed if it is an external benefit then subsidies will be imposed.
Who was the first economist who first proposed that governments use taxes and subsidies to correct for externalities?
A. C. Pigou
What the ethics of cruise lines regarding the avoidance of taxes while buying ships built with government subsidies?
there are none
What does RATNEST mean in economics?
Resource prices, Alternative prices, Technology improvements, Number of sellers/firms, Expectations of suppliers/producers, Subsidies, Taxes
What is GDP at FC?
GDP fc is the gross domestic product at factor cost. the production cost for the overall goods and services produced with in an economy. GDP at factor cost = GDP at market price + net indirect taxes net indirect taxes = subsidies - indirect taxes
What is Government subsidy?
A government subsidy is monetary assistance granted by the government. This includes things like, production subsidies, employment subsidies, and export subsidies.
Controversial business issues in Australia?
Government intervention, regulations, laws, subsidies, and high taxes, which create inefficiency by draining businesses of capital, limiting their ability to expand and innovate.
