Suppose that Larry, an economist from a research institute in Texas, and Megan, an economist from a public television program, are arguing over saving incentives. The following dialogue shows an excerpt from their debate: Megan: 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 an improvement in living standards.
Larry: I think a switch from the income tax to a consumption tax would bring growth in living standards.
Megan: 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) Differences in scientific judgement
b) Differences between perception vs reality
c) Differences in value
Despite their differences, with which proposition are two economists chosen at random most likely to agree?
a) Business managers can raise profit more easily by reducing costs than by raising revenue.
b) Employers should not be restricted from outsourcing work to foreign nations.
c) Central banks should focus more on maintaining low unemployment than on maintaining low inflation.

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths