Answer:
They will initially increase their purchasing and stock up on the product
Explanation:
Tax cuts would increase the disposable income of the people. As a result of the tax cut, demand would increase and the demand curve would shift to the right.
If the tax on a good were increased, the good would be more expensive and consumers would find a substitute for the product and purchase that instead or will stop purchasing the product and wait until the price comes back down.
I hope my answer helps you
Suppose you buy clothes at Mimi's Clothng Shop. Your spending is Mimi's profit.
This statement is not true. The operations, management and regulation of financial conglomerate are not the same. Their operations depend on the type of services they offer.
Answer:
Sole proprietor
Explanation:
Sole proprietorship is a form of business in which an individual or a single person owns, control and manages a business. Anybody who is into such kind of business is known as a sole proprietor.
One of the downsides of sole proprietorship is the fact that the owner takes all the risk of the business. In other words, if the business suffers or fails, it is the sole proprietor that would be affected because he/she is the only person in charge of the business.
The cheap foreign labor argument for protectionism refers to a lower wage often earned by many foreign workers.
Hope this helps :)