Economist: Some policymakers believe that our country's continued economic growth requires a higher level of personal savings than we currently have. A recent legislative proposal would allow individuals to set up savings accounts in which interest earned would be exempt from taxes until money is withdrawn from the account. Backers of this proposal claim that its implementation would increase the amount of money available for banks to loan at a relatively small cost to the government in lost tax revenues. Yet, when similar tax incentive programs were tried in the past, virtually all of the money invested through them was diverted from other personal savings, and the overall level of personal savings was unchanged. The author criticizes the proposed tax incentive program by

The options are:

A). Challenging a premise on which the proposal is based.

B). Pointing out a disagreement among policymakers.

C). Demonstrating that the proposal's implementation is not feasible.

D). Questioning the judgment of the proposal's backers by citing past cases in which they had advocated programs that have proved ineffective.

E). Disputing the assumption that a program to encourage personal savings is needed.

Answer:

A). Challenging a premise on which the proposal is based.

Explanation:

The author critiques the suggested program of tax incentives by 'questioning the very premise on which the suggestion is based.' In the given proposal, the claim is based on the premise that if people are exempted from paying taxes on their savings accounts, they will be encouraged for saving more money. However, the author rebuts this premise by displaying the failure of such programs previously where people just attempted to redirect their money in order to get them into the tax-exempted accounts instead of saving more. Thus, the percentage of money saved by people remained unaltered.  Hence,  option A is the correct answer.

QUESTION 26 Which of the following statements are true? A. Because coupon payments on municipal bonds are exempt from federal income tax, the expected after-tax return on them will be higher for individuals in higher income tax brackets. B. An increase in tax rates will increase the demand for municipal bonds, lowering their interest rates. C. Interest rates on municipal bonds will be lower than on comparable bonds without the tax exemption. D. All of the above are true statements. E. Only A and B are true statements

what is engineering?​

Cafeteria Department Cutting Department Assembly Department Janitorial Department cost allocation $155,000 $31,000 $124,000 Cafeteria Department cost allocation $243,000 $81,000 Compare the total support department costs allocated to each production department under each cost allocation method. a. Which production department is allocated the most support department costs under the direct method?

hat is a​ monopoly?
A monopoly is
A.
a firm in a competitive market with many other sellers.
B.
a firm in a market with a small number of independent firms that compete.
C.
a firm that is the only seller of a good or service that does not have a close substitute.
D.
a firm in a market with other firms that sell similar but not identical products.
E.
a firm that is the only buyer of a factor of production.

pappelbon Enterprises recently acquired a chain of convenience stores offering both fuel and food. Pappelbon is now surprised and dismayed to find that the gas pumps have been poorly maintained and will need to be replaced at considerable expense. All of the following statements accurately reflect this EXCEPT: a. Pappelbon overpaid. b. Pappelbon did not fully evaluate the target. c. Pappelbon's management was overly focused on acquisitions. d. Pappelbon's due diligence was not fully effective.

Some service providers create (or at least predict) demand for certain outcomes, thus forming a specific target for their services. B It's important that the service provider do all that's necessary to fully understand the consumer's needs and expectations. C The levels of frankness and mutual understanding between the service provider and consumer go a long way in determining how well (or poorly) the service provider understands the consumer's desired outcomes. D An outcome is a tangible or intangible deliverable of an activity

You manage a department of five employees. You have identified that Joe has a high need for achievement, Mary has a high need for power, and Tim has a high need for affiliation. Sarah scored high on the need for power and low on the need for affiliation. Doug scored low on both need for power and need for affiliation.

21) Which of these five employees is most likely to be suitable for a new assignment that involves a high degree of personal responsibility and feedback?
A) Joe
B) Mary
C) Tim
D) Sarah
E) Doug

Polly secured a good grade with a 4 GPA in her admission test. However, she was denied admission by a management school. Hence, she filed a suit that the school had discriminated against her on the basis of race; that she was rejected because the school used race as an important factor, giving applicants belonging to minority groups a greater chance of admission than students with similar credentials from disfavoured racial groups. Which of the following approaches should be applied to solve Polly's case? A) Minimum rationality approach B) Strict scrutiny approach C) Rational basis approach D) Intermediate scrutiny approach E) Quasi-scrutiny approach

what is a benefit of obtaining a personal loan?

You recently launched a news website which is expected to be visited by millions of people around the world. You chose to deploy the website in AWS to take advantage of its extensive range of cloud services and global infrastructure.
Aside from AWS Region and Availability Zones, which of the following is part of the AWS Global Infrastructure that is used for content distribution?
A. Bastion Hosts
B. VPC Endpoint
C. Edge Location
D. Hypervisor

If skilled labor costs three times as much as unskilled labor, a profit-maximizing firm will vary the quantity of each type of labor used until the Group of answer choices amount of unskilled labor used is three times the quantity of skilled labor used. amount of unskilled labor used is one-third the quantity of skilled labor used. marginal product of skilled labor is one-third that of unskilled labor. marginal product of skilled labor is three times as great as that of unskilled labor.

A process costing system is employed in those situations where: Question 3 options: A) full or absorption cost approach is not employed. B) where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis. C) many different products, jobs, or batches of production are being produced each period. D) a service is performed such as in a law firm or an accounting firm.

A class with 9 students went to local museum. Each student bought a general admission ticket for $10.Each special exhibit at the museum costs the same price, and 2 students bought 4 special exhibit tickets each, while 7 students bought 3 special exhibit tickets each. The total cost for the general admission tickets and the special exhibit tickets was $177.00. What is the cost, in dollars, of each special exhibit ticket?

Some reasons people become entrepreneurs include_______.

A) like what they are doing

B) need for success

C) job security

D) need independence

Consider the market for pens. Suppose that increased medical concerns over lead pencils have led schools to steer away from pencil use in favor of pens. Moreover, the price of plastic, an important input in pen production, has dropped considerably.
On the following graph, labeled Scenario 1, indicate the effect these two events have on the demand for and supply of pens.

True or False: When both the demand and supply curves shift, you can always determine the effect on price and quantity without knowing the magnitude of the shifts.

In December 2014, Todd, a cash basis taxpayer, paid $1,200 fire insurance for the calendar year 2015 on a building he held for rental income. Todd deducted the $1,200 insurance premiums on his 2014 tax return. He had $150,000 of taxable income that year. On June 30, 2015, he sold the building and, as a result, received a $500 refund on his fire insurance premiums. As a result of the above:

a. Todd should amend his 2014 return and claim $500 less insurance expense.
b. Todd should include the $500 in 2015 gross income in accordance with the claim of right doctrine.
c. Todd should add the $500 to his sales proceeds from the building.
d. Todd should include the $500 in 2015 gross income in accordance with the tax benefit rule.
e. None of these choices are correct.

Lyon, a cash basis taxpayer, died on January 15 of the current year. During the current year, the estate executor made the required periodic distribution of $9,000 from estate income to Lyon's sole heir. The following information pertains to the estate's income and disbursements for the year. For the current calendar year, what was the estate's distributable net income (DNI)

The efficient frontier of risky assets is Group of answer choices the portion of the investment opportunity set that lies above the global minimum variance portfolio the portion of the investment opportunity set that represents the highest standard deviations the portion of the investment opportunity set that includes the portfolios with the lowest standard deviation the set of portfolios that have zero standard deviation both the portion of the investment opportunity set that lies above the global minimum variance portfolio and the portion of the investment

Question 3
How do banks make money?

A. Interest Loans

B. Both service fees and interest loans

C. Service Fees

D. Embezzlement

Motivated by his desire to operate his own business, Caleb is considering the purchase an existing business. As he carefully weights this option, he is likely to find that: A) very few owners of small businesses have any interest in selling. B)his potential for success would greatly improve if he started his own new firm. C)the value of an existing business is determined by what the business owns, what it earns, and what makes it unique. D)any entrepreneur willing to sell their business is experiencing serious financial problems.

Operational effectiveness refers to: Group of answer choices matching the benefits of a successful position while maintaining an existing position. the implementation of technology in a business context. performing the same tasks better than rivals perform them. performing different tasks or the same tasks in different ways. the number of times inventory is sold or used during the course of a year.

Which one of the following groups of accounts only have debit balances

a. Discount Received, Stock, Purchases Return, Salaries
b. Sales Returns, Wages, Machinery, Discount Allowed
c. Wages Due, Rent, Sales Return, Discount Allowed
d. Salaries Due, Discount Received, Sales Returns, Stock

Your company, Johnson Farm Products, has decided to expand its traditional business serving farm owners in order to include home gardeners in its customer base. This change is not met with enthusiasm by the sales personnel who have had good long-term relationships with area farmers. You know that the change will be difficult if you cannot overcome the resistance of the sales personnel and obtain their cooperation. You have decided to involve the sales personnel in planning for the change and in stocking appropriate new items to sell to gardeners. The method for overcoming resistance that you have chosen is best described as ________.

Lauren had a listing agreement with Florence, a Minnesota real estate broker. After Lauren's agreement with Florence ended, she re-listed her home with Jamal and sold the property within two months. Florence is seeking compensation from Lauren because the property sold to a buyer that showed interest when the property was listed with Florence. Which of the following could allow Florence to receive compensation?
A) The buyer's name was on an open house sign-in sheet.
B) The buyer's name was on the protected list provided to Lauren 10 days after contract expiration. The contract included a three-month override clause.
C) The buyer's name was on the protected list provided to Lauren three days after contract expiration. The contract included a one-year override clause.
D) The buyer's name was on the protected list provided to Lauren two days after contract expiration. The contract included a three-month override clause.

Salaries is an
O asset
O expense
o none of the above

Suppose a total of​ 2,500 students are allowed in the engineering programs at all of the colleges in a particular city. From the previous three​ years' record, it shows that the number of students who enroll in the entrance exam for the engineering program increases if there is an increase in the number of IT recruiters the previous year.This year there is a total of​ 3,200 students who have enrolled to take the entrance exam of which only up to​ 2,500 of those who passed would get in. Based on either the​ students' perspective or the college​ perspective, what combination of economic key concepts does the situation​ follow? A. Optimization and empiricism B. Equilibrium and empiricism C. Optimization and equilibrium D. ​Optimization, equilibrium, and empiricism

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answer the question under the picture​

Preet just learned that he is going to be assigned for his job to Eastern Europe. The transfer is temporary. Because Preet knows that he is going to return home in a year or two, he has decided to rent out his home. He wants to make sure that someone can take care of his financial issues while he is away, particularly depositing the rent payments and paying bills. His best strategy involves naming his sister in a:

Legislation defining the mission of the Federal Reserve​ states: "The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain​ long-run growth of the monetary and credit aggregates commensurate with the​ economy's long-run potential to increase​ production, so as to promote effectively the goals of maximum​ employment, stable​ prices, and moderate​ long-term interest​ rates." This is an example of​ a: