Suppose that eric, an economist from a business school in georgia, and ginny, an economist from a public television program, are arguing over saving incentives.

the following dialogue shows an excerpt from their debate:
ginny: i think it’s safe to say that, in general, the savings rate of households in today’s economy is much lower than it really needs to be to sustain the improvement of living standards.
eric: i think a switch from the income tax to a consumption tax would bring growth in living standards.
ginny: you really think households would change their saving behavior enough in response to this to make a difference? because i don’t.
the disagreement between these economists is most likely due to .
a. difference in values
b. difference in scientific judgements
c. difference in perception versus reality

despite their differences, with which proposition are two economists chosen at random most likely to agree?

a. employers should not be restricted from outsourcing work to foreign nations.
b. central banks should focus more on maintaining low unemployment than on maintaining low inflation.
c. business managers can raise profit more easily by reducing costs than by raising revenue.

Which of the following actions is most likely to result in a decrease in the money supply? a. the required reserve ratio for banks is decreased. b. the discount rate on overnight loans is lowered. c. the federal reserve bank buys treasury bonds. d. the government sells a new batch of treasury bonds. 2b2t

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?