Illustrate the 3rd the government redistributes income
Illustrate the 3rd the government redistributes income?
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To help alleviate poverty the 3rd government redistributes income. It is completed by progressive taxation of income that taxes low down incomes which is proportionately less than high incomes and by transfer payment programs likely redundancy compensation, social security benefits also food stamps, Medicare, aid to low-income families with dependent children, and other programs that provide support for the poor.
Explain the statement: “Facts serve to sort out good and bad hypotheses.”?
What problem does barter entail?
Illustrate the term Positive and Normative Economics?
Illustrate the 2nd function to promote and maintain competition?
How Reciprocal Trade Agreements Act had goal of reducing tariffs?
Illustrate how receipts come from several sources in Federal Finance?
Briefly explain the term Average cost and Marginal cost?
Cost of debt= (1-tax rate)* interest rate * (debt ÷capital employed)Cost of equity = risk free rate + market premium (equity shareholders funds÷ capital employed)
Explain the volume and pattern of U.S. and World Trade?
This is difficult for firms within highly competitive markets to exploit consumers since: (i) consumer advocates organize boycotts that generate bad publicity. (ii) market pressures force fair distributions of products. (iii) the government sets price
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