Answer:
d. This is an example of a direct transfer of capital.
Explanation:
Direct transfer of stocks or securities refers a to situation whereby a seller of securities or stocks sell them to the buyer direct without involving any financial institution. Under this, seller will directly deliver the security certificate to the buyer who will in turn pay the seller in cash or by check immediately.
Therefore, collecting check from your brother for the Microsoft stock and giving your brother the stock certificate is an example of a direct transfer of capital.
Answer:
b. FALSE
Explanation:
Economists do not have a unanimous consensus that an increase in the minimum wage will cause greater employment opportunities. In fact, the opposite is the case because research shows that when the minimum wage is increased, there is less demand for low-skill workers. Given that these firms would be paying more, they would want to only employ those that have a high-skill set and thus save their organization of some funds. Since businesses are not charity organizations, they must make decisions that will benefit them.
consumption and production of the taxed product are reduced below the level of allocative efficiency which would occur without the tax.
Answer:
mary
Explanation:
A rational consumer would consume up to the point that marginal benefit equal marginal cost
Mary paid $20. this means that she places a value of $20 on the meal.
Paul paid $10. this means that he places a value of $10 on the meal
The value Mary places is 20, so she places a higher value and she would consume the most
Peter enters free and thus there is no marginal cost attached to this decision. He should consume the least
The answer is D all of the above