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would allow individuals to set up savings accounts in which interest earned would be exempt from taxes until money is withdrawn from the account.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

Answers

Answer 1

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.


Related Questions

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

Answers

Yes the investment is right that is correct

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.

Answers

Answer:

The correct option is option B.

Explanation:

Hence a process costing system is employed in those situations

where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.

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.

Answers

Answer: D. Todd should include the $500 in 2015 gross income in accordance with the tax benefit rule.

Explanation:

It should be noted that due to the fact that Todd is a cash basis taxpayer, he'll be able to deduct the one-year prepayment for insurance in the year that it was paid, 2014.

In this case, he deducted $1,200, then his net cost will be ($1200 - $500) = $700. In this case, Todd should then include the $500 refund in gross income for 2015 under the tax benefit rule.

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)

Answers

Answer:

the estate's distributable net income (DNI) is $15,000

Explanation:

The computation of the estate's distributable net income (DNI) is given below

= Taxable interest income - administrative expense

= $20,000 - $5,000

= $15,000

Hence, the estate's distributable net income (DNI) is $15,000

The same should be considered and relevant

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

Answers

none of the above is the right anwser

Answer:

Expense

Explanation:

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.

Answers

Answer:

refers to performing the same tasks better than rivals perform them.

Explanation:

Operational effectiveness is refers to the situation in which the things excel. It helps in the progression of a work and brings change in the output of the company. When the inputs of the organization are used at the best possible way to bring the maximum outputs out of them, the company is said to be experiencing the operational efficiency. In this process the company excels and leaves the competitors behind.

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 ________.

Answers

Answer:

The method for overcoming resistance that you have chosen is best described as ________.

Facilitating Participation and involvement.

Explanation:

When sales personnel are involved in the planning for the envisaged change, and they participate in arriving at policy decisions, their resistance to the change will be overcome greatly.  Obtaining cooperation ensures that the sales personnel are convinced of the benefits of the business expansion.  This will elicit their enthusiasm because they are fully informed before the final decision is made, fully participate at arriving at the details of the plan, and can cooperate with the intended sales expansion.

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.

Answers

Answer:

B)his potential for success would greatly improve if he started his own new firm.

Explanation:

An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.

The following are four characteristics of an entrepreneur;

1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.

2. Passionate: believing in a course and one's ability to achieve much more at a business.

3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.

4. Self-Confident: he or she is bold and believes in his or her abilities to excel.

In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.

In this scenario, Caleb is motivated by his desire to operate his own business and as such considering the purchase of an existing business. As he carefully weigh this option, he is likely to find that his potential for success would greatly improve if he started his own new firm as an entrepreneur.

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:

Answers

Answer:

Dual mandate.

Explanation:

A state legislature refers to the legislative body of each states of the federal government and are saddled with the responsibility of making or enacting laws. Thus, the state legislatures is one of the body of governance that has the power or authority to ratify (approve, confirm or give consent) a proposed amendment to the Constitution by getting three-quarter of the states to vote in support.

All states have a bicameral legislature which typically comprises of the upper chamber (Senate) and the lower chamber (House of Representatives).

Dual mandate can be defined as the functions or responsibilities that are accorded to a governmental institution by the legislature.

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?

Answers

Answer:

3

Explanation:

Total number of students = 9

Admision ticket cost = $10

Let cost of special exhibit ticket cost x

2 students ecah bought 4x

7 students each bought 3x

Admission. Cost + exhibit ticket cost = total cost

(10 * 9) + (2 * 4x) + (7 * 3x) = 177

90 + 8x + 21x = 177

29x = 177 - 90

29x = 87

x = $3

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:

Answers

Answer: a. durable power of attorney.

Explanation:

A durable power of attorney gives a person the legal right to act on the behalf of another person such that the former will be able to handle the affairs of the latter. A durable power of attorney stays in effect even when a person is declared incapable of managing their own affairs.

It is therefore the best option for Preet here because with him being away for a little while, his sister can take care of his affairs as he is unable to do so himself and when he is back, he can simply remove his sister from the position as it is not a complicated process.

answer the question under the picture​

Answers

Answer:

Explanation:

The non-voters, when looked at as a group, outweigh the voters. That means that a minority of people decide the policies for the majority -- and for themselves. The non-voters don't have that luxury. They must live with what they had no part in deciding.

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

Answers

Answer: b. Sales Returns, Wages, Machinery, Discount Allowed

Explanation:

Sales returns reduce the sales made. Sales are put on the credit side so transactions that will reduce sales such as sales returns would have to go on the debit side.

Wages are an expense and expenses are debited to show they are increasing so they have a debit balance.

Machinery is an asset and assets have debit balances.

Discount allowed reduces the sales balance and as mentioned above, transactions that reduce sales go on the debit side so this has a debit balance as well.

puntos gratis para quien quiera

Answers

Answer:

✨ ¡Tysm por lo.s pun.tos gr.atis! Rlly los necesitaba.

Explanation:

✨Tysm For The Fr.ee Po.ints I Rlly Needed Them✨
Answer:
Eu quiero pontos
Explanation:
Mi de mejor resposta

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

Answers

Answer:

An outcome is a tangible or intangible deliverable of an activity.

Explanation:

The following statements should be considered true related to the outcomes

a. The service provide develop the demand for the specific result in order to create the specific target

b. The service provider need to understand what the customer need and expectations

c. The frankness level and the mutual understanding between both the parties should be there so that it checks the service provider understanding how better or worst they understand the customer needs

So the last option is considered

what is a benefit of obtaining a personal loan?

Answers

Answer:

you earn a large amount of money to get use immediately, only $3.99/mouth.

A benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.

One significant benefit of obtaining a personal loan is the flexibility it offers in terms of usage. Unlike specialized loans, such as car loans or home loans that are tied to a specific purpose, personal loans can be used for a wide range of expenses, such as consolidating high-interest debts, funding a wedding, covering medical bills, or making home improvements. This flexibility allows individuals to address their unique financial needs without restrictions.

Additionally, personal loans often have fixed interest rates and fixed repayment terms, which means borrowers can plan their budgets more effectively and have a clear timeline for paying off the loan. This stability can help individuals manage their finances better, as they know exactly how much they need to repay each month.

Moreover, personal loans can also be a useful tool for building credit history. By making timely payments on a personal loan, individuals can demonstrate their responsible borrowing behavior, which can improve their credit score over time. A good credit score opens doors to better loan options and favorable interest rates in the future.

In summary, a benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.

To know more about loan here

https://brainly.com/question/29358313

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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

Answers

I think the c option is correct

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

Answers

Answer:

D. Optimization, Equilibrium and Empiricism.

Explanation:

Economics is based on three key concepts which are Optimization, Equilibrium and Empiricism. Optimize is the first principle which means people will select best available option. Second important principle is that economy is always in a state of equilibrium which means if one gains the other also gets best available value. Third concept is that economists use data to make policies. The situation given in the scenario follows all the key concepts of economy.

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?

Answers

Answer: Assembly Department

Explanation:

Missing part of question is attached below.

Cutting Department

Under the direct method, the Cutting Department is allocated $62,000 of the Janitorial cost and $126,750 of the Cafeteria cost for a total of:

= 62,000 + 126,750

= $188,750

Assembly department

Allocated $248,000 of the Janitorial cost and $42,450 of Cafeteria:

= 248,000 + 42,450

= $290,450

Assembly Department is therefore the department that is allocated the most support department costs under the direct method.

Some reasons people become entrepreneurs include_______.

A) like what they are doing

B) need for success

C) job security

D) need independence

Answers

Answer:

need for success

Explanation:

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.

Answers

Answer:

A

Explanation:

what is engineering?​

Answers

Answer:

Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.

Engineering skills include:

The scientific methodSocial, cultural and economic awareness  MathematicsBiology, chemistry, physics and other areas of scienceCreativityTeamworkWhere science is involved with designs, buildings, use of engines, machines, and structures.
Engineering is the process of designing the human-made world. Engineering is the systematic application of knowledge and experience to solve problems and protect and improve lives. It takes a thought, or an abstract idea, and translates it into reality.

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

Answers

Answer:

i think correct answer us c

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.

Answers

Answer: False

Explanation:
Being able to determine the effect on price would have to be circumstantial

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.

Answers

Answer:

marginal product of skilled labor is three times as great as that of unskilled labor.

Explanation:

Labor refers to the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

Generally, the level of productivity of a business firm or an organization would increase when the inputs such as capital, raw materials, labour, etc., decreases while output such as finished products remain the same.

Furthermore, if skilled labor such as carpenter, bricklayer, blacksmith, electrician, etc., costs three times as much as unskilled labor such as information technologist, engineering, medical doctor, etc., a profit-maximizing firm will vary the quantity of each type of labor used until the marginal product of skilled labor is three times as great as that of unskilled labor in order for it to make profits and proper use of the factors 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.

Answers

Answer:

Pappelbon Enterprises

All of the following statements accurately reflect this EXCEPT:

c. Pappelbon's management was overly focused on acquisitions.

Explanation:

Acquisitions require effective due diligence to be performed on the target.  Due diligence involves a full evaluation of the company to be acquired.  The evaluation should have uncovered the poor maintenance culture of the acquiree.  When it is established that many of the gas pumps would need replacement, the acquisition cost should have been reduced accordingly. These steps will also enable the management to not overpay for the acquired entity.

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.

Answers

Answer:

I believe the answer that you're looking for is D

Explanation:

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

Answers

Answer:

C. Edge location

Explanation:

AWS Global infrastructure consists of multiple geographical locations. The locations are known as regions which provide a way to built highly fault tolerant infrastructures. AWS Global Infrastructures consists of four components; Availability Zones, Regions, Edge Locations and Regional Edge Caches.

Question 3
How do banks make money?

A. Interest Loans

B. Both service fees and interest loans

C. Service Fees

D. Embezzlement

Answers

Answer:Its B

Explanation:Banks also earn money from interest they earn by lending out money to other clients.Banks make money from service charges and fees

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

Answers

Answer:

D

Explanation:

A municipal bond is a debt instrument issued by a state or municipality to finance its capital expenditures.

Municipal bonds are usually exempt from federal income tax. This makes these bonds attractive to individuals with a high income tax bracket

If tax rate increases, investors would prefer to invest more in municipal bonds because it is exempt from tax. The increase in demand for these bonds would lead to decrease in its interest rate.

Due to tax exemption, the interest rate on municipal bonds is lower than on comparable bonds

Types of municipal bonds

General obligation bonds : these bonds are not secured by any form of asset. Instead they are backed up by the credit worthiness of the issuer.Revenue bonds : these bonds are secured by revenue from a particular project. e.g. revenue from highway tolls
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