What assumption is made with supply-side economics? a. tax cuts will stimulate the economy, eventually bringing in more tax revenue. b. tax cuts will slow inflation, keeping prices down. c. increased federal spending will stimulate the economy, bringing in more tax revenue. d. increased federal spending will slow inflation, bringing prices down.

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability

George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the duties of a: