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Furkat [3]
3 years ago
12

Lawrence Summers served as secretary of the treasury in the Clinton administration and as director of National Economic Council

in the Obama administration. He has been quoted as giving the following moral defense of the economic approach."There is nothing morally unattractive about saying: We need to analyze which way of spending money onhealth care will produce more benefit and which less, and using our money as efficiently as we can.I don't think there is anything immoral about seeking to achieve environmental benefits at the lowestpossible costs."Source: David Wessel, "Precepts from Professor Summers," Wall Street Journal, October 17, 2002.It would be more moral to reduce pollution,A.taking the cost into account because money spent on pollution reduction is not available for other worthy activities.B.not taking the cost into account because pollution reduction is typically associated with large benefits.
Business
1 answer:
babunello [35]3 years ago
4 0

Answer:

A) taking the cost into account because money spent on pollution reduction is not available for other worthy activities.

Explanation:

The economic approach tries to find solutions for problems optimizing the use of economic resources, therefore reducing costs and increasing benefits for every dollar spent.

Resources are scarce and that includes everyone, from a normal individual, to the richest person in the world, or the richest country in the world. The economic approach states that we should all try to maximize the benefits we obtain while exchanging resources. For example, if we need to study for a text and we know that solving problems helps us to learn more than just reading, then we should spend more time solving problems than reading because that way we can increase our benefits.

The US government and every other government in the world works on a budget and the money it spends doing A, will not be spent doing B. So the government must decide which actions to take in order for maximizing the benefits of the population (i.e. choose between A or B depending on which causes the greatest common good).

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A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and declared and paid cash divi
ella [17]

Answer:

b. $433,750

Explanation:

The ending balance in retained earnings can be calculated as;

= Beginning balance + Net income - Cash dividends

Given that;

Beginning balance = $430,000

Net income = $60,000

Cash dividends = $56,250

= $430,000 + $60,000 - $56,250

= $433,750

Therefore, the ending balance in retained earnings is $433,750

4 0
2 years ago
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3 years ago
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3 0
3 years ago
Your manager has asked for your help to make a decision on an important issue within 24 hours. the outcome of this decision will
exis [7]
The best thing that you should do in this scenario would be :

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- analyze the issue completely thoroughly

- Believe in yourself and create the best decision based on your analytic 

hope this helps
8 0
3 years ago
For business and personal finance: What is insurance?
maksim [4K]

Answer:

Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.

From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.

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2 years ago
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