Answer:
Debit cards are assigned to checking accounts, and since they have become more popular, the amount of currency in the economy has decreased while the amount of checking account deposits has increased.
Explanation:
Actual currency (bills and coins) and checking accounts are part of the M1 category of the money supply, since both are considered completely liquid.
Any has to file a tax report
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
The journal record is attached.
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet.
Answer:
may involve a locational mismatch between unemployed workers and job openings
Explanation:
Structural unemployemt refers to unemployment resulting out of structural changes of the economy such as technological changes which change the dynamics of how work is performed.
This represents a mismatch between the kind of skills workers possess and the skills the economy demands and requires.
Such unemployment is also attributable to a situation wherein, in a particular region, jobs are available but the unemployed workers live too far away from such regions. This is referred to as locational mismatch, one of the causes behind structural unemployment.
Answer:
Explanation:
b. There will be some deadweight loss equal to marginal external cost minus deadweight loss without tax.
c. Quantity supplied decreases as price increases due to tax imposition. Again as output decreases, employment also decreases. But the individuals who were affected by pollution are now better off. So consumer surplus and producer surplus will decrease but government will earn tax revenue.
The file has been attached for part (A)
