Answer:
$0
Explanation:
The Tax Cuts and Jobs Act eliminated the possibility of deducting casualty losses if they were not caused by federally declared natural disasters. The only way Mary could deduct the $25,000 loss is that she had some type of casualty gain during the year that is offset by this loss. Casualty gains result when a person receives more money from an insurance company due to an event, e.g. fire, than the basis of the property. But in this case, there is no prior casualty gain, so the casualty loss cannot be deducted.
Answer:
A family in a distant state gives bottled water to its dog, but a family in the hurricane area cannot find bottled water to drink.
Explanation: Hurricane is a natural phenomenon which occurs as a result of violent storms developing and accumulating in a given area, Hurricane can be very devastating destroying lives and properties. the most misallocation of resource considering the options is when a dog in A family in a distant state gives takes bottled water, but a family in the hurricane area cannot find bottled water to drink.
Answer:
C. lower costs to attend
Explanation:
A technical school is a two year college program in fields like business, engineering, community work, among others. One of the benefits of attending a technical school program is the lower costs to attend compared to a four year college as the programs are shorter which means that the tuition fees are lower. Also, in most cases, the tuition in a technical school includes all the things that the student will need in the program, for example, books.
Answer:
B. households want to lend more, so the interest rate falls, making the quantity of goods and services demanded rise.
Explanation:
Money is demanded for 3 purposes : Transaction demand (for buying selling), precaution demand ( for contingencies), speculative demand (for investment gains)
- As prices fall & things get cheaper, money demanded for transaction purposes fall. It leads to money being demanded more for precautionary & speculative purpose.
- This implies that households would lend money more, to earn more in form of interests. However, this increase in money funds supply will reduce their price i.e their interest.
- Interest rate is the opportunity cost sacrifised for money consumed. Low interest rate means low opportunity cost of money consumption. So, it will be demanded more for spending on goods & services, goods & services demand will rise.
Answer:
The correct option is A
Explanation:
When a currency depreciates it means it loses its value.
For the yen to depreciate by 8% it means that a dollar will buy more yen than it did today. by tomorrow. So, to calculate it we times the current price of the yen by the depreciation factor
144×0.8= 11.52
adding the depreciation factor to the current price of the yen
144+11.52=155.52
so by tomorrow $1=155.5yen
