Why should the government lessen the economic gap between rich and poor?.

Answers

Answer 1

A sense of fulfillment and self-worth are destroyed by inequality, which also damages long-term social and economic development and the fight against poverty. Crime, sickness, and environmental destruction can all result from this.

Three basic measures are available to a society if it desires to reduce economic inequality: redistribution from high earnings to low earners; making sure that a ladder of opportunity is universally accessible; and an inheritance tax.

The sum of all assets, such as cash in bank accounts, investments, pension funds, and the market worth of a home, is referred to as wealth. Money received in the form of income is typically measured on a monthly or annual basis.

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Related Questions

it is the function of the ______ to take the strategic plan and develop actionable short-term goals that a business can achieve.

Answers

It is the function of the operating plan to take the strategic plan and develop actionable short-term goals that a business can achieve.

Operational plans are not just for huge endeavors — independent ventures and people also can profit from functional preparation. As indicated by College Lab Accomplices, an absence of arranging is one of the top reasons that new businesses fall flat. Likewise, an overview by Gallup found that main about portion of representatives realize what is generally anticipated from them at work. Without a hearty functional arrangement set up, associations are gambling losing their best specialists and their business achievement. A functional arrangement frames the critical targets and objectives of an association and how to contact them.

A very much created record guarantees colleagues know their obligations and have a reasonable comprehension of what should be finished.

Creating a functional arrangement keeps groups on target while directing them in settling on significant conclusions about the organization's drawn out system.

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Complete Question -
It is the function of the _____ to take the strategic plan and develop actionable short-term goals that a business can achieve.

A. tactical plan

B. mission statement

C. vision statement

D. operating plan

Which of the following is not a feature of free enterprise?
Right to private property
Restriction on consumer's right to choose
Profit motive
Freedom of enterprise

Answers

b) Restriction on consumer's right to choose is not a feature of free enterprise.

Capitalism is also referred to as the free market. Consumer spending, company investments, and government purchases comprise a free enterprise economy. Consumers have a vital role in a free-market economy.

In a capitalist system, the customer's right to choose is unrestricted; in fact, the consumer has entire freedom to obtain the goods or service of his choosing.

The word "free enterprise" or "free market" refers to an economy in which the market, rather than the government, determines prices, products, and services.

Businesses and services are not subject to government regulation. Alternatively, free enterprise may refer to an ideological or legal system in which commercial operations are predominantly governed by private measures.

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How do advertisements influence consumers?.

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Advertisements works by creating a pat-tern of associations that elicit an emo-tional connect-ion or response in the intend-ed audience, ultimately influe-ncing the consumer's pur-chasing decisions, often in an uncon-scious way.

Advertisements Influences Consumer Beha-vior - At its core, the influ-ence of advert-ising in every-day life is the po-wer to alter what con-sumers think and feel. A success-ful ad culti-vates desire within the view-er and makes her want to buy a pro-duct while minimizing any do-ubts she has ab-out the product.

Advertising can incr-ease sales by tell-ing potential and current cust-omers about your new product laun-ches, special offers and improve-ments.

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A cost that is jointly used or shared by several cost objects is called: _______

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A cost that is jointly used or shared by several cost objects is called: direct costs. The example of that is direct labor and also direct materials.

Cost can be classified into several types, such as fixed cost, variable cost, direct cost, and indirect cost. In economic and accounting, Direct costs generally can be defined as a costs which are directly accountable to a cost object. In the accounting, Direct cost is the nomenclature that usually used. The example of direct costs are direct labor and direct materials. Beside that, Indirect costs generally can be defined as a fixed expenses a business incurs to keep the company running no matter the activity level.

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Use the fundamental characteristics of the four major types of interest-paying checking accounts to assess the following scenario. Your good friend Valerie received an inheritance from a distant relative. Valerie asks your advice about interest-paying checking accounts. She wants to create a unified and coordinated bundle of checking, savings, stock brokerage, and mutual fund accounts whose transactions are reported in a single monthly statement. Which interest-paying checking account would you recommend to Valerie

Answers

You should advise Cho to open an asset management, all-in-one, or central asset checking account, which pays interest.

A single monthly statement detailing all of the transactions in the AMA's checking, savings, stock brokerage, and mutual fund accounts is provided.

Cho should be advised to open an interest-bearing checking account with the AMA. Some of the attributes of a standard checking account and those of an investment account are combined in an asset management account. Banks are using this type of account more frequently as clients look for ways to streamline their finances and save time. The AMA provides a unified and coordinated assortment of mutual fund, stock brokerage, checking, and savings accounts, with a single monthly statement detailing all transactions.

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The best interest-paying checking account for Yvette is Asset management account (AMA).

It is the best because Yvette can easily obtain their monthly statement of account information and because this account makes it possible to easily verify their accounts. With this account, banks offer debit or credit card services, allowing Yvette to easily have access to a mini statement of her bank account information from an ATM.

This account provides a range of services to the account holders, including account verification, debit or credit card capabilities, money transfers between account holders' accounts, and the ability to borrow money at a lower interest rate.

Other interest-paying checking accounts are:

MMDAs (Money Market Deposit Accounts) are a type of savings account that, in comparison to traditional savings accounts, allows account holders to earn a higher rate of annual yield. Compared to a standard savings bank account, this account requires a larger minimum balance in the account holder's accounts.

Money Market Mutual Funds (MMMF): This is an account that enables people to invest their money in debt or securities for a brief period of time and then withdraw it.

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Student at Midtown Middle School can chooe their chedule from 3 math coure, 3 cience coure, 2 ocial tudie coure, and 2 art coure. Determine the number of poible chedule that include one coure in each ubject area

Answers

The possible choices for students at Midtown Middle School are 36.

Number of math courses = 3

Number of science courses = 3

Number of social studies courses = 2

Number of art courses = 2

The combination formula can be used to calculate the number of ways to choose items from a group of items. It is used to calculate the number of potential schedules that include one course in each subject area.

Combination formula - C(n,r) = n! / (r! x (n-r)!)

where r is the number of items to be chosen, and n is the total number of items.

Since, one course from each category is to be included,

Therefore, the combinations as per the courses will be -

C (3,1) x C (3,1) x C (2,1) x C (2,1)

= 3 x 3 x 2 x 2

= 36

Complete Question:

Students at Midtown Middle School can choose their schedule from 3 math courses, 3 science courses, 2 social studies courses, and 2 art courses. Determine the number of possible schedules that include one course in each subject area.

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companies that are financially dependent on a few large clients for its revenue compete in an industry with a ________.

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Companies that are financially dependent on a few large clients for its revenue compete in an industry with a High concentration of buyers; Low entry barriers

Companies that are financially dependent on a few large clients for its revenue compete in an industry with a high concentration of buyers. This is because the few large clients account for a majority of the company’s revenue, and the company likely does not have much control over the buyers.

Additionally, this industry usually has low entry barriers, meaning that competition is high. This leads to the company having to rely on a few large buyers to make up the majority of

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Match the terms to their definition.
1. financial
2. literacy
3. warranty
anything that has to do with money
and investments
a written guarantee given to the
purchaser, usually specifying that the
manufacturer will make any repairs or
replace defective parts free of charge for
a certain period of time
an individual's knowledge of a
certain area or field

Answers

Answer: 1 - a

2 - c

3 - b

Explanation:

1. Financial - anything that has to do with money

and investments

2. Literacy - an individual's knowledge of a

certain area or field

3. Warranty - a written guarantee given to the

purchaser, usually specifying that the

manufacturer will make any repairs or

replace defective parts free of charge for

a certain period of time

Which of these is an accurate statement about mixed economies today?
a. There are more mixed economies in the world than any other kind.
b. Very few economies today can be accurately described as "mixed."
c. Mixed economies exist mostly in nations with communist governments.
d. Most nations that once had a mixed economy have evolved into command economies

Answers

There are more mixed economies in the world than any other kind is an accurate statement about mixed economies today.

What are Mixed Economies?

Mixed economies are economic systems that combine aspects of both capitalism and socialism. In a mixed economy, both public and private enterprises exist and the government plays an active role in regulating the economy and providing some essential public goods and services. In addition, there is a degree of economic freedom and market forces that determine the allocation of resources. Mixed economies have a variety of benefits, such as providing economic stability, promoting economic growth, and encouraging social mobility.

What does Economic growth mean?

Economic growth is a measure of the increase in the value of the goods and services produced by an economy over time. It is typically measured as the percent increase in real gross domestic product (GDP) or per capita income. Economic growth is an important indicator of economic health, as it can be used to determine the level of productivity and living standards within an economy.

Therfore the correct option is A. There are more mixed economies in the world than any other kind.

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According to O*NET, what are common work activities performed by Nursery and Greenhouse Managers? Check all that apply.

making decisions and solving problems
dealing with hazardous materials
interacting with animals
communicating with supervisors or peers
monitoring and controlling resources
climbing ladders, scaffolds, or poles

Answers

According to O*NET, common work activities performed by Nursery and Greenhouse Managers are

making decisions and solving problemsdealing with hazardous materialscommunicating with supervisors or peers

What is a manager?

A manager refers to a person who is responsible head of any project and helps in arranging the resources, checking the progress, and timely completion of it in order to achieve the vision and goal of the organization.

The Nursery and Greenhouse Managers were responsible to focus on the rising problem and resolving them by communicating with peers and subordinates which helps them to understand the root cause.

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the actions, set of institutions, and processes of creating, communicating, delivering, and sharing offerings that provide value to customers, clients, partners, and society in general is known as

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Marketing is described by means of the American Marketing Association as "the activity, set of institutions, and processes for creating, communicating, delivering, and replacing offerings that have fee for customers, clients, partners, and society at large".

What does American Marketing Association do?

AMA offers specialty conferences, one-day warm theme seminars, boot camps, and workshops to help entrepreneurs build the abilities they need to maintain beforehand of rising tendencies and decorate their long-term professional development.

Is the American Marketing Association good?

American Marketing Association has an normal ranking of four out of 5, based totally on over 65 reviews left anonymously with the aid of employees. 77% of personnel would propose working at American Marketing Association to a friend and 72% have a effective outlook for the business. This ranking has increased with the aid of 3% over the closing 12 months.

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is an extra percentage a lender charges you on an amount you borrow from the lender.

Answers

Interest is an extra percentage a lender charges you on an amount you borrow from the lender.

Interest is one of the things you will need to consider when making the decision. It is an extra percentage that the lender charges you in addition to the amount you borrow.

Knowing the interest rate on a loan can help you determine how much your loan will cost you in the long run.

The interest rate charged on loans and other forms of credit can have a significant impact on a business’s bottom line. Business owners should be aware of current interest rates and understand how to use them to their advantage.

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What type of analysis the concept of opportunity cost can be applied to?.

Answers

The type of analysis of the concept of opportunity cost can be applied to Marginal Analysis to determining the business's capital structure.

The Marginal Analysis is the analysis or observation of the additional benefits of an activity compared to the additional costs incurred by that same activity. This concept can be applied of opportunity cost.

The Marginal analysis is calculated by the new total benefits minus old total benefit is divided by the new upon old quantity. The initial stage or first step in Marginal Analysis is to find the initial total cost for the manufacturing or producing the products.

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Mr. Bartley i taking the theater club on a field trip to ee the muica wicked. The chool treaurer aked me bartley for the group total ticket cot. He wrote the following cot function for the chool treaure

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The most suitable cost function for the school treasurer would be that Tickets cost $25 and each person must contribute $2 for the bus, when it is known that 52 people are going on the trip which means option E is the right answer.

Cost functions are the equations which help in determining the cost of any commodity for producing a required output value. It consists of four variables which are total fixed costs, variable cost, number of units, and total production cost.

The equation given by Mr. Bartley shows that the total cost was $25 and an additional amount of $2 was also asked from each student. Since there are 52 students, so the total collection will be equal to $52(25+2) which is equal to $1404.

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Refer to complete question below:

Mr. Bartley is taking the Theater Club on a field trip to see the musical Wicked. The school treasurer asked Mr. Bartley for the group's total ticket cost. He wrote the following cost function for the school treasurer:

Total Cost = 52(25+2)

Which of the following statements could describe this cost function? Select all that apply.

A = The school will buy 52 tickets for the musical. Tickets cost $25.00 for each student and $2.00 for each teacher.

B = Tickets cost $52.00 each, and there are 25 students and 2 teachers going on the field trip.

C = A total of 52 people, which includes 25 students and 2 teachers, will attend the field trip.

D = The bus fits 52 people, including 25 students and 2 teachers.

E = Tickets cost $25 and each person must contribute $2 for the bus. There are 52 people going on the trip.

What are the 5 factors of production and their functions?.

Answers

The five factors of production is labor, land, human capital, physical capital and entrepreneurship.

The human capital is reflected to the skills, knowledge and having experience in the particular field or expertise. The human capital can contribute their knowledge, skills and decision making skills to the growth of the organization.

The physical capital it is factor of production which can used to production goods or services. The land in the production preforms the most important part in the production.

The labor has the important function, it supplies the expertise, manpower and service needed to turn raw materials into the final goods or services.  The entrepreneurship is the activity of thinking about the ideas turn into the action which result in the products or services.

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Prepare the journal entries to record the following transactions on Benson Company, Ltd. ’s books using a perpetual inventory system. (a) On March 2, Benson Company sold £800,000 of merchandise to Edgebrook Company, terms 2/10, n/30. The cost of the merchandise sold was £620,000. (b) On March 6, Edgebrook Company returned £120,000 of the merchandise purchased on March 2. The cost of the returned merchandise was £90,000. (c) On March 12, Benson Company received the balance due from Edgebrook Company​

Answers

Journal entry is the act of maintaining or recording economic or non-economic transactions.

Journal Entries

     Date      Particulars                            Debit         Credit

(a)  02-Mar   Accounts Receivable      $800,000

                            Sales Revenue                           $800,000

    02-Mar    Cost of goods sold         $620,000

                             Inventory                                    $620,000

(b)  06-Mar    Sales Return & allowances  $120,000

                            Accounts receivable                  $120,000

    06-Mar      Inventory                         $90,000

                            Cost of goods sold                      $90,000

(c)   12-Mar      Cash                                 $666,400

                      Sales Discount                 $13,600

                      ($680,000*2%)  

                             Accounts receivable                   $680,000

                             ($800000- $120000)

Journal Entries

      Date     Particulars            Debit            Credit

(a)  02-Mar   Inventory          $800,000

                         Accounts payable              $800,000

(b)  06-Mar Accounts payable  $120,000

                          Inventory                         $120,000

(c)   12-Mar  Accounts Payable $680,000

                  ($800000- $120000)

                            Inventory ($680000*2%)   $13,600

                            Cash                                   $666,400

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Government involvement in a modern economy is generally defended because. the marketplace always meets the needs and wants of society's members.

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Government involvement in a modern economy is generally defended because governments are more able than firms to meet some needs and wants of society

All modern economies, whether communist or entrepreneur, arranged or un­planned, have a few normal exceptional highlights.

We observe that there is minute division of work and specialization so there is co-activity and inter­dependence among a large group of makers and buyers in light of a perpetual chain of trades.

The town independence and separation, which character­ised crude economies, have vanished. Also, there is broad utilization of plant and hardware and present day gear. Thusly, the arrangement of creation, rather than being straightforward and direct, has become circuitous and indirect. It is a constant and round process like the 'egg-chicken-egg' succession. A huge extent of the com­munity's assets are redirected from current utilization to the creation of devices, hardware and gear. There is capital development for a huge scope making arrangement for what's to come.

One more notable element of a cutting edge economy is the broad utilization of cash. Deal, exchanges (i.e., purchasing great with merchandise) are rare. Cash is an exceptionally helpful mode of trade, and as such it works with the working of the monetary framework. Division of work would be incomprehensible without cash being accessible to work with trades. In any case, the utilization of cash additionally breeds blasts and sorrows. Consequently, while the utilization of cash is an incredible gift, it can likewise be a revile, in the event that its worth doesn't stay stable.

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Which stakeholder is responsible for assigning supervisors to approve t&a?

Answers

Manager is the stakeholder that responsible for assigning supervisors to approve t&a. It have to be done by manager because the main role of manager is for planning and evaluating department activities.

In business organization, A manager generally can be defined as a person who manages a team of employees in an organization by structural. In the structural organization or company, managers has a function to get the work done from the employees and make sure the decorum of the organization is maintained. A better communication between employees and top structural management also can be build by a bridge that build by manager,

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Is I Bond a good investment?.

Answers

Yes, I Bond is a good investment. The I Bond is a good investment for those individual who wants their money safe and can't lose its value.

The I Bond is a retail inflation-indexed bond which is issued by the Hong Kong Government. I Bonds savings are conservative, safe investment that rise and fall with the respect of inflation.

The I Bond protect you from the inflation with an I Bond you can earn both a fixed rate of interest and a rate that changes with inflation. In the I Bond, no lose of money in which the interest rate can not go below zero and the redemption value of your bonds can not decline.

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How does the unemployment rate affect the economy?.

Answers

Answer: look below

Explanation: So, think about it. It's kind of like a domino effect. So, if people cannot work, it may lead to them spending less, (or higher prices)  which leads to debt, which leads the government to have to pay more money for things like food stamps. Of course, there are many other ways that unemployment can affect the economy, but this is one of the most common effects of the economy. I hope this helped!

What are the 5 big questions of economics?.

Answers

Explanation:

1. What is the source of between firm inequality? Song, Price, Guvenen and Bloom have shown that between firm inequality is a bigger deal than within firm inequality. But why is this the case? Sorkin suggests compensation differentials are part of the issue, but is “the lowest paying firms have become nicer places to work at, therefore they pay less” a very convincing explanation for what we’ve seen in the economy over the last few decades? I would say the extent and causes of between firm inequality is still very much an open debate, one that may turn out to be related to weaker business and labor market dynamism.

2. What does a full-employment U.S. economy look like and how far from it are we? To oversimplify things, I think we have in the neighborhood of about 1 million more potential workers who should be counted as labor market slack, and about 6 months to 1 year of recovery left. But there’s a ton of uncertainty here, especially because the trends and the cycles have been so closely intertwined post 2000. So here are the list of variables that I think there is an open debate about what the full-employment equilibrium will look like: prime aged participation, the unemployment rate, the homeowership rate, the householder rate, the labor share of income, and the birth rate.

3. Why did productivity growth fall and will it bounce back? There are a lot of good arguments on all sides here, and I don’t think we will agree on the first part of the question until the second part is resolved by the passage of time. If 3 years from now productivity has not bounced back, perhaps then we will figure out why it has fallen as we can narrow the explanations to permanent drivers. Alternatively, if producitivty bounces back we may agree on the why since we will be able to focus on temporary drivers. Until then I simply don’t think this issue is resolveable.

4. What does an aging and slow growing population do to your economy? This is I think the most understudied important issue in economics today. A recent NBER paper was a good step in this direction, and their results should make us worry far more about aging than we do now. I think we will see that an aging population reduces productivity and innovation, but this very much remains an open debate, especially with respect to the mechanisms at work. One mechanism is that, as Claudia Sahm has shown, people are less willing to take risks as they age.

The effect of weak population growth on the economy is an open area of debate where I think risks and downsides are underestimated. As Karl once argued in an important but ignored piece, “growing population provides a buffer for risky capital investments”. This is not something you hear much, but has a lot of intuitive appeal to it and this area is greatly understudied.

5. What is the future of ZLB monetary policy? Even as we exit the zero lower bound it seems as though the U.S. and the rest of the developed world will be at risk of returning to the ZLB in future recessions. Inflation seems to be much harder to generate than it was in the past and the relationship between inflation and expectations seems to be breaking down, and I suspect we’ll see policymakers get desperate and try helicopter money, and Miles Kimball’s ideas. Twenty years from now, how different will “conventional” monetary policy be than it is today? Inflation may be a completely different beast in a world of late development economies with central banks that have proven they can defeat inflation.

A customer uses a store credit card to purchase a boat for $10,500. the store credit card offers an annual interest rate, compounded continuously, of 18.99% with no payments due for the first two years. if no payments are made for the two years, what will be the balance on the card, rounded to the nearest penny?

Answers

$15350.92 is  the balance on the card, rounded to the nearest penny .

Continuously adding interest to the principle amount This interest rate gives a time period exponential development.

continuous compound interest rate formula;

P0 is the principal amount, r is the interest rate, and t is the time period, so P(t) = [tex]P_{0}[/tex] [tex]e^{rt}[/tex] .

Given:            

A consumer spends $10,500 on a boat using a shop credit card.

The store credit card offers a continuous annual interest rate of 18.99% with no payment requirements for the first two years.

That implies,

[tex]P_{0}[/tex] equals $10,500, r is 18.99, and t is 2.

So,

P(t) = P₀[tex]e^{rt}[/tex]

By changing the values,

P(t) = (10500) [tex]e^{(0.1988)(2)}[/tex]

P(t) = (10500)(1.46199)

P(t) = 15350.917

P(t) = $15350.92

As a result, the total is $15350.92.

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What happens when the unemployment rate is higher than the natural rate?.

Answers

Answer:

When the unemployment rate exceeds the natural rate of unemployment, referred to as a positive unemployment gap, inflation is expected to decelerate.

please
List various creative thinking activities for idea generation?

Answers

Answer: Look below

Explanation:

Reverse brainstorming

Brainwriting

Brain netting

Forced relationships

Role-storming

Storyboarding

Five whys

Six thinking hats

I hope this helped!

What happens to unemployment during a recession?.

Answers

Answer:

With lower demand for goods and services, firms start laying off workers and at the same time refrain from raising prices. So unemployment rises and inflation falls during recessions.

Wfdd, inc. Purchased $270,000 in supplies during the year. The supplies account increased by $10,000 during the year to an ending balance of $66,000. For what amount was the adjusting entry to supplies expense?.

Answers

For $260,000 the adjusting entry to supplies expense.

Calculation of supplies expense for Wfdd, inc.  during the year:

The Supplies Expense for the year can be calculated using the following formula:

Supplies Expense for the year = Supplies Beginning Balance + Supplies added or purchased during the year – Supplies Ending balance

= 56000 + 270000 -66000

= $260,000

(Note: It is given that the supplies account increased by $10,000 during the year to an ending balance of $66,000 that means the Supplies Beginning Balance was 66000-10000 = $56,000)

Hence, the supplies expense for Wfdd, inc. during the year is $260,000.

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Elements of product strategy can include all of the following except _______.

Answers

Elements of product strategy can include all of the following except where the product is sold. option d.

Creating a successful product strategy is essential to ensuring a successful product launch and long-term success.

Elements of product strategy can include product positioning and messaging, pricing, promotion and advertising, product packaging, and product development.

However, product strategy does not include where the product is sold. It is important to develop a comprehensive product strategy that covers each of the essential elements to ensure your product is successful in the market.

Product strategy does not concern where the product is sold - this should instead be determined by the marketing strategy. Hence, option d is correct.

Although a part of your question is missing, you might be referring to this question:

Elements of product strategy can include all of the following except _______.

a. the physical good

b. an intangible idea

c. package design

d. where the product is sold

How did bank failures contribute to the depression ?

Answers

During the Great Depression, bank failures were a major contributor to the overall economic decline.

As banks failed and people lost their savings, it created a ripple effect that had a devastating impact on the economy. Banks that failed were unable to lend money to businesses, leading to a decrease in production and an increase in unemployment.

Furthermore, people had less money to spend, resulting in a decrease in demand for goods and services, leading to further economic contraction. Bank failures were a major factor in the economic downturn of the 1930s, and their effects were felt throughout the nation.

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Investor presentations of ________ provide an opportunity for discussions to take place regarding the continuing corporate performance on ________ value creation story and a ________ value creation plan.
a) short-term plans; short term; short term
b) short-term plans; long term; long term
c) long-term plans; short term; long term
d) long-term plans; long term; long term

Answers

Investor presentations of long-term plans provide an opportunity for discussions to take place regarding the continuing corporate performance on long term value creation story and a long term value creation plan. Option d

Investor presentations of long-term plans provide a valuable opportunity for companies to discuss their future performance, as well as their long-term value creation story and plan.

By outlining a strategy that focuses on long-term value creation, businesses can ensure that their investors have a clear understanding of their vision, and the steps they are taking to reach it.

This type of discussion allows investors to gain a better understanding of the company, and have a greater trust in their long-term investments.

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What factors are improved by using the shared service model of hr?

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Quality of service customer will improves by using the shared service model of hr. In the other hand, the shared service model of hr also give a benefit such as reducing costs and avoiding duplication of effort.

A shared services model in business generally can be defined as a way to delivers services to internal customers by consolidating, standardizing and automating processes in low-cost locations. Shared services center or also known as SSC also can be defined as a dedicated unit that is structured as a centralized point of service and is focused on defined business functions. The dedicated unit in SSC are including people, processes and technologies.

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