Ask Question
BusinessBusiness
27 June, 00:59

One economist says that raising taxes on gas would be in the social interest.

What does this economist mean?

A) Higher taxes on gas would benefit everyone.

B) Raising taxes on gas would benefit most of the people.

C) Higher taxes on gas would benefit society as a whole.

D) Both answers A and C are correct.

+4
Answers (1)
  1. 27 June, 01:22
    0
    C) Higher taxes on gas would benefit society as a whole.

    Explanation:

    As an economist the person believes that the society as a whole will be benefited as because it will tax the rich people for all the misuse and the poor will be benefited as the economy can then provide the poor category a subsidy on such income.

    Thus, this provides that the society will be benefited as a whole, poor will get advantage of subsidy and the rich can bear the taxes thus, he will use the gas more efficiently and will be able to pay taxes.

    This will not benefit everyone as because the middle class people never favor these decisions as it just adds to their cost of living.

    Thus, only option c is correct.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “One economist says that raising taxes on gas would be in the social interest. What does this economist mean? A) Higher taxes on gas would ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A municipal bond you are considering as an investment currently pays a yield of 6.84 percent. a. Calculate the tax equivalent yield if your marginal tax rate is 28 percent. b.
Answers (1)
In anonymous surveys, on average people rate themselves as "above average" with regard to characteristics such as intelligence, perceptiveness, and driving ability.
Answers (1)
A brief overview of your company's strengths, weaknesses, opportunities, and threats is called a branding strategy. financial evaluation. paranoid scenario. situational analysis.
Answers (2)
Having a plan in case there is an emergency is only important when you are at: A. All of the answers B. Car C. Home D. Work
Answers (1)
A country's balance of payments is a better measure of global business than the balance of trade because it includes more exchanges with foreign sources. True False
Answers (1)
New Questions in Business
Boretti has $400,000 in a stock fund. The fund pays a 10% return, compounded annually. If he does not make another deposit into the account, how long will it take for the account to increase to $2 million? (Do not round intermediate calculations.
Answers (1)
A company pays its employees $9,100 every two weeks ($650/day). The current two - week pay period ends on December 26, 2018, and employees are paid $9,100. The next two-week pay period ends on January 9, 2019, and employees will be paid $9,100.
Answers (1)
When a product spreads through the population, it is called the?
Answers (1)
Hampton Industries had $47,000 in cash at year-end 2017 and $24,000 in cash at year-end 2018. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing activities totaled + $220,000.
Answers (2)
How much must I deposit today if I want to be able to withdraw $620 per month for six years from an account which earns a nominal rate of three percent, compounded monthly, if withdrawals are made at the beginning of each month
Answers (1)
Home » Business » One economist says that raising taxes on gas would be in the social interest. What does this economist mean? A) Higher taxes on gas would benefit everyone. B) Raising taxes on gas would benefit most of the people.
Sign Up Forgot Password?