Answer to Question #259077 in Economics of Enterprise for nicole

Question

Directions: Analyze the following questions and provide your answer.

1. How is tax the lifeblood of the government?

2. Should there be a uniform minimum wage in the whole country of the Philippines? Why or why not?

Answer 1

1.

Taxation facilities the existence of government because it is a necessity as the cannot continue without means to pay its expenses . Tax provides revenue to the government that is uses to provide public services to the citizens.

2.

There should be uniform minimum wage in the country of Philippines.

This is because the minimum wage will stabilize the post-depression economy and protect the workers in the labor force. The minimum wage will create a minimum standard of living .