QUESTION 15 b. Government imposing a high rate of taxes on the import of goods a

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QUESTION 15 b. Government imposing a high rate of taxes on the import of goods and services c. Government imposing a high rate of taxes on the profits of large corporate houses d.Government imposing a lower rate of taxes on the import of goods and services QUESTION 16 Ob. predict the average behavior of a group of similar economic decision makers. c. invent imaginative and interesting stories. d. use the fallacy of composition to validate hypotheses QUESTION 17 cost of working in the home. d. increased education and an increased demand for labor

Explanation / Answer

First question is answered below

15.

Industrial profit refers to policies adopted by the government in order to encourage the country's manufacturing and other sectors.

Out of the given options, the correct one will thus be: (b)

Reason: An imposition of tax on imports will discourage consumption from foreign towards domestic industrial produce, thereby encouraging domestic industries.

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