Context: Normative economic statements are economic policy goals and values. There are two broad types: efficiency and equity. We considered dynamic efficiency (optimal rates of economic growth) in Activity 4. Here is a nice resource that elaborates on the idea of equity or economic justice In this exercise, we contrast these, thinking about trade-offs that might exist between the two. Consider the following equity or economic justice statement:

1. Macroeconomic policies that keep interest rates artificially low unfairly deny an adequate return to savings for middle and lower class families struggling to provide for their future.

And now consider the following efficiency statement:

2. Macroeconomic policies that keep interest rates low encourage efficient economic investment in ideas and capital goods that enhance our society's economic future.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

How success was the first day of the bus boycott

What is a uniform law adopted by all states that facilitates business transactions?