Tax distortion - Study guides, Class notes & Summaries

Principles of Microeconomics Final Exam Questions with verified Answers When a tax is imposed on the buyers of a good, the demand curve shifts Efficiency is attained when. The size of the deadweight loss generated from a tax is affected by the The maximum price that a buyer will pay for a good is called the When a tax is placed on a product, the price paid by buyers _________, and the price received by sellers __________. Consumer surplus is equal to the The decrease in total surpl...

1. What is the purpose of the swing gear on an excavator: answer- It connects the car body to the tracks 2. Who is responisble for inspecting a trench before anyone goes in it: answer- The equipment operator 3. What is the prefered sling angle: answer- 60* 4. The top of the spoil pile is called: answer- The crown 5. A four footbdeep trench requires an additional ladder for each _ of open trench: answer- 25ft 6. Materials mist be kept back from the edge of the trenxh a minimum of: answer...

Describe the three phases of money laundering. - ANSWERS• Placement is the physical disposal of cash or other assets derived from criminal activity. • Layering is the separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin of the proceeds. • Integration is supplying apparent legitimacy to illicit wealth through the re‐entry of the funds into the economy in what appears to be normal business or personal transactions. What are ...

WGU C211 Macroeconomics Questions with Critical answers 2023/2024 Tariff. - correct answers Tax on goods produced abroad and sold domestically (tax on imported goods). A method used to restrict international trade. Dead weight loss. - correct answers The fall in total surplus that results from a market distortion, such as a tax (new equilibrium price that is settled for the transaction will be higher and therefore some burden of this will be passed on to the consumer) How are tariff's an...

Deadweight Cost Net losses that occurs in an economy as a result of tariffs Purchasing Power Parity (PPP) A conversion that determines the equivalent amount of goods and services different currencies can purchase. An adjustment to reflect the differences in the cost of living in various countries Triad North America, Western Europe, and Japan Resource Based View An organization's resources and capabilities, NOT external conditions, should be the basis for strategic deci...

Foreign Direct Investment (FDI) Investment in, controlling, and managing value-added activities in other countries. Mercantilism/Theory of Mercantilism A theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer. Strategic Trade Policy Government policy that provides companies a strategic advantage in international trade through subsidies and other supports. Transaction Risk It's the exchange rate risk...

Describe the three phases of money laundering. • Placement is the physical disposal of cash or other assets derived from criminal activity. • Layering is the separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin of the proceeds. • Integration is supplying apparent legitimacy to illicit wealth through the re‐entry of the funds into the economy in what appears to be normal business or personal transactions. What are the ...

When a tax is imposed on the buyers of a good, the demand curve shifts - downward by the amount of the tax Efficiency is attained when - total surplus is maximized. The size of the deadweight loss generated from a tax is affected by the - elasticities of both supply and demand. The maximum price that a buyer will pay for a good is called the - willingness to pay. When a tax is placed on a product, the price paid by buyers _________, and the price received by sellers __________. - rises; f...

Define investment - Answer Investment is deferred consumption List the four major types of real assets other than land and other types of real estate. - Answer Natural resources, commodities, infrastructure, and intellectual property. List the three major types of alternative investments other than real assets in the CAIA curriculum. - Answer Hedge funds, Private Equity, and Structured Products Name the five structures that differentiate traditional and alternative investments - Answer ...

Globalisation Increased interdependence between countries and the rapid rate of change it brings about Factors contributing to globalisation (5) Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) Improvements in IT and communication (Allows global operations) Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) International financial markets (Raising money and transferring it globally) TNCs (Low p...