Asbestos is found in rocks and soil. These mineral fibers have worked well for manufacturers for many reasons. For starters, theyâre flexible and resistant to heat, chemicals, and electricity. Thatâs why they were widely used for years to make construction materials, automotive parts, and even textiles.
A tax expenditure program is government spending through the tax code. Tax expenditures alter the horizontal and vertical equity of the basic tax system by allowing exemptions, deductions, or credits to select groups or specific activities.
Let's review. Economic policy is a term used to describe the actions of the government that influence an economy. These actions often come in the form of taxes, interest rates, and government expenditures. The government uses three methods to influence an economy, and they are: Allocative Functions.