Answer:
C. To enforce property rights
Explanation:
Government intervention in market can be non materistically via regulation , materistically via taxes & subsidy.
Although the second materislistic way of tax, subsidy comes under the perview of 'Government Budget' .
Government budget is anual financial statement showing economy's expected revenue & expenditure .
Economic growth & stability by reallocation of resources , reducing income inequalities - reflect 'efficiency' & 'equity' as valid reasons .
Foreign protection is also not invalid depending upon the initial budding stage of a developing economy & its global stand. Eg - India 1950 to 1990 .
However all these are progressive legitimate reason for govt. Intervention .
But , enforcing property rights is a feature of 'socialistic (communistic) economy - which has its own demerits like loss of consumers soveireignity , lack of postive competitive efficiency , govt overburden.
Answer:
Interest expense accured = $121.33 (
Explanation:
The exact number of days from July 2 through December 31, 2013 is 182 days.
The accrued interest (182/360) x $4,000 x 6% = $121.33
Answer:
her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.
Explanation:
Recognized gain on sale of old house
= ($600,000 - $125000) - $30,000 - $2000
= $443,000
Paula's recognized gain = $443,000 - $250,000
= $193,000
Her basis in the inherited home = $500,000 + $100,000
= $600,000
Therefore, her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.
Answer: a statute
Explanation:
Minnesota legislature passed a law requiring that employers allow each employee adequate time within each four consecutive hours of work to utilize the nearest convenient restroom. This law is a statute.
A statute is simply a written law that has been passed by a legislative body. It is a specific statement that the legislative body has approved and also endorsed by an executive body.
Answer:
A
Explanation:
A country gains from trade if it specialises in the production of the good for which it has a comparative advantage
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. this means that the country can produce the good by forgoing fewer alternative products
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice