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.

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

Select the correct answer. which is a benefit of planning for your future career? a.being less prepared after high school. b.having higher tuition in college. c.earning college credits in high school. d.ruining your chances of having a successful career.

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false