Fiscal policy taxes - Study guides, Class notes & Summaries

F4 Fiscal Policy: Taxes UPDATED Exam Questions and CORRECT Answers Why taxes exist governments collect taxes in order to: - CORRECT ANSWER- fund necessary programs like infrastructure ensure that citizens contribute appropriately to meeting needs in their society. Congress shall have power - CORRECT ANSWER- power to tax:

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

normative statement an opinion that cannot be confirmed by referencing facts positive statement a statement that can be proved by referencing facts why are economic models used? theories cannot be tested in a controlled environment the basic economic problem scarcity - consumer wants are always greater than available resources opportunity cost the next best alternative foregone factors of production resources used by a firm in production list and define the factors of production lab...

CDFM MODULE 1 Test | Questions and Answers 100% Correct 2023 Latest. What prevents Congress and the President from unilaterally making laws and treaties? - correct answersSeparation of Power What give Congress the authority to make laws? - correct answersArticle 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? - correct answersSupreme Court Who has the power to raise taxes given in Article 1 of the Constitution? - correct answersCongres...

Complete Test Bank for Economics, 9th Edition by Glenn Hubbard, Anthony P. O'Brien ; ISBN13: 9780357717417....(Full Chapters included and organized in reverse order from Chapter 28 to 1)...1.Economics: Foundations and Models 2.Trade-offs, Comparative Advantage, and the Market System 3.Where Prices Come From: The Interaction of Demand and Supply 4.Economic Efficiency, Government Price Setting, and Taxes 5.Externalities, Environmental Policy, and Public Goods 6.Elasticity: The Responsiveness ...

ECS1601 Assessment 7 Attempt review Economics IB (University of South Africa) lOMoARcPSD| Started on Wednesday, 8 June 2022, 6:11 PM State Finished Completed on Wednesday, 8 June 2022, 7:57 PM Time taken 1 hour 46 mins Marks 17.00/30.00 Grade 56.67 out of 100.00 Question 1 Incorrect Mark 0.00 out of 1.00 Question 2 Correct Mark 1.00 out of 1.00 What type of unemployment would occur when there is general downturn in economic activity? Select one: a. seasonal unemployment  b. ...

Complete Solutions Manual for Business Economics, 4th EMEA Edition by N. Gregory Mankiw, Mark P. Taylor, Andrew Ashwin ; ISBN13: 9781473791312....(Full Chapters included and organized in reverse order from Chapter 26 to 1)...1. What is business economics? 2. Economics and business decision making 3. The business environment 4. Supply and demand: How markets work 5. Elasticity and its applications 6. Taxes and subsidies 7. Market failure 8. The consumer and consumer behaviour 9. Costs and...

Expansionary Fiscal Policy (increases/decreases) real output, employment and national income - Answer-increases Contrationary Fiscal Policy (increases/decreases) real output, employment and national income - Answer-decreases Expansionary or Contractionary Fiscal Policy? Increases in the AD curve - Answer-Expansionary Expansionary or Contractionary Fiscal Policy? Will cause a budget surplus - Answer-Contractionary Expansionary or Contractionary Fiscal Policy? Increasing government spendi...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...