choose the correct answer for the two items. nitionWhich of the folowing statements is incorrect?a Taxes are the revenues raised in the exercise of the policepower of the Stateb. One of the special characteristics of tax is it is unlimited inamountc The three fundamental powers of the State are Inherent in theState and may be exercised without the need of anyconstitutional grantd. All of the aboveThe State, having sovereignty can enforce contributions (tax) upon itscitizens even without a specific provision in the Constitutionauthorizing it Which of the following will justify the foregoingstatement?a kis so because the State has the supreme power to commandand enforce obedience to its will from the people within itsjurisdction. b. Any provision in the Consttution regarding taation does notcreate rights for the sovercignty to have the power to tax bmerely constitutes imitations upon he supremacy of apower.c Bolh "a" andd. Nether a mor

"Since you have asked multiple questions, we will solve first question for you .. If you want any…

Which of the folowing statements is a Taxes are the revenues raised in the exercise of the police power of the State. b. One of the special characteristics of tax is it is unlimited in amount c The three fundamental powers of the State are Inherent in the State and may be exercised without the need of any constitutional grant. d. All of the above

Which of the folowing statements is a Taxes are the revenues raised in the exercise of the police power of the State. b. One of the special characteristics of tax is it is unlimited in amount c The three fundamental powers of the State are Inherent in the State and may be exercised without the need of any constitutional grant. d. All of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Which of the following combinations are unattainable given a consumer's budget line? Multiple choice question. A combination that intersects either of the axes Combinations that fall on the budget line Combinations that fall inside the budget line Combinations on the midpoint of the budget line Combinations that fall beyond the budget line
On your way home from Super Groceries, your car breaks down. It is a hot summer day and you have nobody to call. With little time before the food spoils, you decide to prioritize what to carry on the walk home. You choose to take three items with you. Since you will need all five items today, you will replace the two abandoned items at the corner store near your house, Convenient Grocers. The table contains the prices you paid for each good at Super Groceries and the prices you will need to pay at Convenient Grocers to replace the goods. Which three items should you save? OOOOO vegetables fruits eggs ham milk Item milk eggs ham vegetables fruits Price at Super Groceries $3.75 $3.80 $2.95 $3.80 $2.50 Price at Convenient Grocers $4.25 $2.95 $5.25 $3.05 $3.80
Explain how loss aversion impacts our decisions as consumers?
New York Giants star quarterback Eli Manning can sell 5 times more Giants memorabilia than any other employee of the team or stadium. Realizing this, Eli decides to stand behind a concession stand at MetLife Stadium and sell Giants merchandise during the team’s next home game. Why shouldn’t Eli do this, even though he’s better than anyone else at doing it?
Number 4 please
Examples of form utility?
Does a nudge force people to make a better choice?
When alice went to a movie theatre last time,she had to choose between a romantic movie and action movie. Eventually she decided to watch the romantic movie. Did alice face any scarcity in this situation?
Differentiate between cardinal and ordinal approach to consumer behaviour
Economics promotes which of the following as the way to make the best decision? Continue an enjoyable activity until you are tired of doing it. Continue an enjoyable activity up to the point where its marginal benefit equals its marginal cost. Continue an enjoyable activity as long as you do not have to pay for it. Continue an enjoyable activity until you cannot afford to pursue it.
Price elasticity measures the responsiveness of the quantity demanded or supplied to a good to a change in its price. Note: Select an option True False er than the Save Answer button will NOT save any changes to your answers!
You have two options for how to spend the afternoon. You can either go see a movie with your roommate or work as a tutor for the Math Department. From experience, you know that going to see a movie gives you $20 worth of enjoyment, and with your student discount, a movie ticket only costs $12. If you spend the afternoon working as a math tutor, you will get paid $45. On a typical day, you wouldn't be willing to spend the afternoon working as a math tutor for less than $35. What is your opportunity cost of seeing a movie this afternoon? Select one: O a. $57 O b. $12 ○ c. $22 ○ d. $8