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What did Andrew mellon believe about high taxes?
He believed that high taxes reduced the money available for private investment and prevented business expansion. Melon further argued that high taxes actually reduced the amount of tax money the government collected.
Match each of the protectionist policies below with an example of government action that fits the definition. A.Tariff The government limits the import of sugar from other countries. B.Quota The gov?
Tariff - the government put a high tax on sugar made in other countries Quota - the government lemons, the emperor of sugar from other countries subsidy - the government pays sugar farmers to keep sugar prices low
Pros and cons of mixed economy?
The major merit of a mixed economy is that the public is protected because the government is in charge of public services, and prices are low because of competition in the private sector. A major demerit is that taxes may prohibitively high in order to support government programs.
Why the demand for vehicles is very high as the petrol rises?
The only demand that will become high when petrol prices rise is the demand for fuel-efficient cars.
What is the likely effect of this high demand on gasoline prices?
The Price of the gasoline with increase : D
