Description
amount borrowed is called
a. point
b. inspection fee
c. security
d. closing cost
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
A. point
Completion Status:
100%
Review
Review
Anonymous
Just what I was looking for! Super helpful.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
4 pages
Better Care Clinic Doc
The impact that allocation would have on the clinic’s cash profitability. The monthly insurance allocation scheme will m ...
Better Care Clinic Doc
The impact that allocation would have on the clinic’s cash profitability. The monthly insurance allocation scheme will mean that the net ...
KUD Kibby and Strand CONOPS Operations Management Plan Paper & PPT
Use attachments as needed. Attachment 1 is CONOPS Plan Attachment 2 PowerPoint Project. Only work the item of Process Impr ...
KUD Kibby and Strand CONOPS Operations Management Plan Paper & PPT
Use attachments as needed. Attachment 1 is CONOPS Plan Attachment 2 PowerPoint Project. Only work the item of Process Improvement Plan: Addresses how the operational staff will review data and a process for continuation of improvements.Risks to the operation need to be listed as well along with how they will be mitigated.Must have PowerPoint slides and paper. Kibby and Strand CONOPS
Literature review
Literature Review Instructions
The purpose of this research project is for you to create a scholarly piece of graduate-lev ...
Literature review
Literature Review Instructions
The purpose of this research project is for you to create a scholarly piece of graduate-level research and writing, which conforms to current APA format. Competency in the current APA format is required of all Business graduates of Liberty University, as set forth by policy of both the Graduate Faculty and the administration.
You will research and write a literature review on a topic relevant to this course. You will have approximately 6 weeks to research and write the paper. At the beginning of Module 3/Week 3, You will submit a proposed topic in the assignment folder for your Literature Review paper which is due in week 8.Once your topic is approved you should begin working on this final assignment. Do not “recycle” any work from any previous courses you have taken (you may use previously used sources and journals). Your research paper will be a comprehensive thematic review of the scholarly literature related to your topic.
What is a literature review?
“A literature review discusses published information in a particular subject area, and sometimes information in a particular subject area within a certain time period.
A literature review can be just a simple summary of the sources, but it usually has an organizational pattern and combines both summary and synthesis. A summary is a recap of the important information of the source, but a synthesis is a re-organization, or a reshuffling, of that information. It might give a new interpretation of old material or combine new with old interpretations. Or it might trace the intellectual progression of the field, including major debates. And depending on the situation, the literature review may evaluate the sources and advise the reader on the most pertinent or relevant.”[i]
How is a literature review different from an academic research paper?
“The main focus of an academic research paper is to develop a new argument, and a research paper will contain a literature review as one of its parts. In a research paper, you use the literature as a foundation and as support for a new insight that you contribute. The focus of a literature review, however, is to summarize and synthesize the arguments and ideas of others without adding new contributions.”[ii] The academic research paper also covers a range of sources, but it is usually a select number of sources, because the emphasis is on the argument. Likewise, a literature review can also have an “argument,” but it is not as important as covering a number of sources. In short, an academic research paper and a literature review contain some of the same elements. In fact, many academic research papers will contain a literature review section. But it is the aspect of the study (the argument or the sources) that is emphasized that determines what type of document it is.
Why write literature reviews?
“Literature reviews provide you with a handy guide to a particular topic. If you have limited time to conduct research, literature reviews can give you an overview or act as a stepping stone. For professionals, they are useful reports that keep them up to date with what is current in the field. For scholars, the depth and breadth of the literature review emphasizes the credibility of the writer in his or her field. Literature reviews also provide a solid background for a research paper’s investigation. Comprehensive knowledge of the literature of the field is essential to most research papers.”[iii]
What is the format for literature reviews?
“Just like most academic papers, literature reviews also must contain at least three basic elements: an introduction or background information section; the body of the review containing the discussion of sources; and, finally, a conclusion and/or recommendations section to end the paper.
Introduction: Gives a quick idea of the topic of the literature review, such as the central theme or organizational pattern.
Body: Contains your discussion of sources and is organized thematically.
Conclusions/Recommendations: Discuss what you have drawn from reviewing literature so far. Where might the discussion proceed?”[iv]
What is a thematic literature review?
“Thematic reviews of literature are organized around a topic or issue, rather than the progression of time.”v
“Sometimes, though, you might need to add additional sections that are necessary for your study, but do not fit in the organizational strategy of the body. What other sections you include in the body is up to you. Put in only what is necessary. Here are a few other sections you might want to consider:
Current Situation: Information necessary to understand the topic or focus of the literature review.
History: The chronological progression of the field, the literature, or an idea that is necessary to understand the literature review, if the body of the literature review is not already a chronology.
Methods and/or Standards: The criteria you used to select the sources in your literature review or the way in which you present your information. For instance, you might explain that your review includes only peer-reviewed articles and journals.
Questions for Further Research: What questions about the field has the review sparked? How will you further your research as a result of the review?”vi
Important Points to Consider
The paper is to be written in strict conformance to current APA standards, and must contain at least 20 pages of content (excluding the title page, abstract, and references), utilizing at least 12 scholarly references.
The paper is to be submitted through SafeAssign at the end of Module 4/Week 8. It is highly recommended that you download and read the instructions to avoid any stress created by issues that are the result of waiting until the last minute.
A SafeAssign draft check will be provided for you to use to improve your Originality Score prior to your final submission.
Three levels of current APA headings must be used throughout the paper, as this is a graduate-level research paper.
Some students do not fully understand the difference between plagiarism and paraphrasing. Paraphrasing is when you take a source or someone else’s idea and say it in your own words. When you paraphrase, you must still give the author’s name, date, title of the source, the scholarly journal where it came from, and the exact website address or book.
However, when you directly quote a source, it must have quotation marks around the quote, or (if 40 words or more) it must be set in block quotation format. You must also give detailed information of where you acquired the quote.
The paper must not be a series of quotations.
Email your instructor with any questions regarding the project.
[i] Literature Reviews (http://writingcenter.unc.edu/handouts/literature-reviews/)
[ii] Ibid
[iii] Ibid
[iv] Ibid
v Ibid
vi Ibid
MGT 526 University of Phoenix Milestones from Coca Cola Questions Company History
Assignment ContentWorking in business management means taking on responsibility to lead your organization in a variety of ...
MGT 526 University of Phoenix Milestones from Coca Cola Questions Company History
Assignment ContentWorking in business management means taking on responsibility to lead your organization in a variety of situations. Part of that responsibility is understanding where an organization has been and where it’s going. In this course, you put yourself in the shoes of a manager and use resources to make decisions on where an organization is heading in respect to business needs, organizational structure, leadership strategies, and change management. Some of the information needed may be easy to locate, but other information may take time and effort to find. Some may even need assumptions based on research. These research and strategizing skills will be useful in your business management career.Select a company and learn about its history. This will prepare you for your Week 2 Analysis.Note: Some reports are more recent than others. It’s in your best interest to find a company with a recent (within 2 years) report.Select 1 global company from Business Source Complete: SWOT Analyses to use for the next 5 weeks (this will sometimes be referred to as “your company”).Create a chart or outline that conveys the following information:Name of companyIndustryBrief history of companyAt least 3 milestones from the company’s history3 resources (in addition to Business Source Complete) where you can locate company information in future weeks. This may include company websites, current employees, journals, etc.Define 1 new unique business opportunity the company can do to increase their competitive advantage. (Hint: See opportunity factors and subsequent write-up on the opportunities in the SWOT analysis.)Identify a function of management that is needed for this opportunity.Submit your assignment as an attached Word document.
Write a one page abstract paper detailing a major program that has been managed via the acquisition process..
Your final paper will need an abstract. This
final paper will be where you submit a 7 to 10 page paper detailing a
...
Write a one page abstract paper detailing a major program that has been managed via the acquisition process..
Your final paper will need an abstract. This
final paper will be where you submit a 7 to 10 page paper detailing a
major program that has been managed, via the acquisition process, over
the past decade. The content of the paper should demonstrate your
understanding of the acquisition and program manager processes discussed
over the past eight weeks. Therefore,
think about that final paper and begin research this week on what you
think it might be about. Then write an abstract of that concept at this
point in time in this class. You may find over the remaining few weeks
that some variation of the final paper concept changes and that might
change this abstract. If so, that is normal and just fine. In fact, an
abstract is usually the very last piece of any research paper since it
highlights what your paper is all about, what it has reported on
discovering from your research. So, write a one page abstract. It will be edited and sent back to you to use in the final paper. Review all Learning Objectives (LO-1-8). Research the learning objective in the library and on the web. Write this one page paper, plus the title page and a reference page.
That means a one page paper would actually consist of three pages. The
title page and the reference page are never counted in a formal college
paper. As
always, read all the lesson notes before you start this assignment as
new or current events may have been updated since the start of class. Now,
to write an abstract is not just to cut and paste a summary of your
paper or proposed final paper. An abstract is a unique document. It is
usually created after the body of the paper is complete. It is the very
last thing you write. But, we begin here with one. And yes, it is
expected that it might change a bit by the time you do a bit more
research. So, study what an abstract really is. You may be surprised. Writing Instructions (Please read this): •Written communication: Written communication is free of errors that detract from the overall message. •APA formatting: Resources and citations are formatted according to APA (6th edition) style and formatting. •Length of paper: typed, double-spaced pages of 7 to 10 page paper (the content section). •Font and font size: Times New Roman, 12 point. APA GUIDELINES University of California Berkeley Library APA Style Citation http://www.lib.berkeley.edu/TeachingLib/Guides/APA... Purdue University APA Formatting and Style Guide http://owl.english.purdue.edu/owl/resource/560/01/... RESEARCH and WRITING APUS Online Library Tutorial Center http://www.apus.edu/Online-Library/tutorials/index... PLAGIARISM Avoiding accidental and intentional plagiarism http://www.plagiarism.org/ **Refer to the [assignment grading rubric] for details on how the assignment will be evaluated. .Supporting Materials
Assignment+Grading+Rubric-3.docx
(17 KB)
HOW TO WRITE AN ABSTRACT.docx
(51 KB)
SEU Macroeconomics Worksheet
Assignment Purposes/Learning Outcomes: After completion of Assignment-2 students will able to understand the LO 1.2: Des ...
SEU Macroeconomics Worksheet
Assignment Purposes/Learning Outcomes: After completion of Assignment-2 students will able to understand the LO 1.2: Describe how to evaluate macroeconomic conditions such as unemployment, inflation, and Growth LO 1.3: Recognize the fundamental determinant's of a nation's long-run economic growth. Assignment 2 Questions: Week 6 to Week 10: - [5 Marks] Assignment 2 Case Study When taxes induce people to change their behaviour—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from the individual income tax in many countries. In a case study in Chapter 8, we discussed how this tax discourages people from working as hard as they otherwise might. Another inefficiency caused by this tax is that it discourages people from saving. Consider a person 25 years’ old who is considering saving $1,000. If he puts this money in a savings account that earns 8 percent and leaves it there, he would have $21,720 when he retires at age 65. Yet if the government taxes one-fourth of his interest income each year, the effective interest rate is only 6 percent. After 40 years of earning 6 percent, the $1,000 grows to only $10,290, less than half of what it would have been without taxation. Thus, because interest income is taxed, saving is much less attractive. Some economists advocate eliminating the current tax system’s disincentive toward saving by changing the basis of taxation. Rather than taxing the amount of income that people earn, the government could tax the amount that people spend. Under this proposal, all income that is saved would not be taxed until the saving is later spent. This alternative system, called a consumption tax, would not distort people’s saving decisions. Various provisions of the current tax code already make the tax system a bit like a consumption tax. Taxpayers can put a limited amount of their saving into special accounts—such as Individual Retirement Accounts and 401(k) plans—that escape taxation until the money is withdrawn at retirement. For people who do most of their saving through these retirement accounts, their tax bill is, in effect, based on their consumption rather than their income. European countries tend to rely more on consumption taxes than does the United States. Most of them raise a significant amount of government revenue through a value-added tax, or a VAT. A VAT is like the retail sales tax that many U.S. states use, but rather than collecting all of the tax at the retail level when the consumer buys the final good, the government collects the tax in stages as the good is being produced (that is, as value is added by firms along the chain of production). Various U.S. policymakers have proposed that the tax code move further in direction of taxing consumption rather than income. In 2005, economist Alan Greenspan, then Chairman of the Federal Reserve, offered this advice to a presidential commission on tax reform: “As you know, many economists believe that a consumption tax would be best from the perspective of promoting economic growth—particularly if one were designing a tax system from scratch—because a consumption tax is likely to encourage saving and capital formation. However, getting from the current tax system to a consumption tax raises a challenging set of transition issues.” 1: What should be taxed - Personal Income or Personal Consumption and why? Provide your opinion based on the case.(200 words) [1.5 Marks] 2: How may it affect Saudi Economy if an income tax is imposed in KSA? (200 words) [1.5 Marks] Q2: Saudi Arabia’s Ministry of Human Resources recently announced an increase to the monthly minimum wage from 3000 SAR to 4000 SAR for full-time Saudi workers in April 2021, and introduced a Labor Reform Initiative (LRI) scheduled to take effect on 14th March 2021. [2 Marks] a.Discuss the implications of the above topic. b.Will this impact unemployment in the country? How? Answer:
Similar Content
Advisory memo Employment issues Human Resource Management
RedKing22As a first-year Human Resource Specialist at "State of Estates" estate planning firm, your boss (Will N. Trusts) ...
Emergency Management Logistics Discussion Board Question
Assignment:Access the file: Disaster Politics reading.pdfThis focuses on one element of how governments approach disasters...
Irvine Valley College Financial Statements of Crane Company Case Study
Please show clearly how you end up with the answer. You may edit your work into the document. ...
export-based strategy, equity investment overseas
Explain and describe one type of business that might be most
successful using an export-based strategy, and one type of b...
Park University Marketing Discussion
Thinking about one of your favorite brands, what innovations could disrupt and change how it works?
Describe and asses how...
SEU International Business Worksheet
المملكة العربية السعودية
وزارة التعليم
الجامعة السعودية ا...
Multi-Level marketing class lectures_231995986-Codientu-org-NN-Lectures
uploads/services/161584/Multi-Level marketing class lectures_231995986-Codientu-org-NN-Lectures.pdf...
Marketing Plan
In the United States of America and many other nations, one of the issues that inform majority decisions when it comes to ...
Discussions On Financial And Managerial Accounting
This module has provided valuable lessons and even though there were challenges involved, a significant part of this work ...
Related Tags
Book Guides
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
4 pages
Better Care Clinic Doc
The impact that allocation would have on the clinic’s cash profitability. The monthly insurance allocation scheme will m ...
Better Care Clinic Doc
The impact that allocation would have on the clinic’s cash profitability. The monthly insurance allocation scheme will mean that the net ...
KUD Kibby and Strand CONOPS Operations Management Plan Paper & PPT
Use attachments as needed. Attachment 1 is CONOPS Plan Attachment 2 PowerPoint Project. Only work the item of Process Impr ...
KUD Kibby and Strand CONOPS Operations Management Plan Paper & PPT
Use attachments as needed. Attachment 1 is CONOPS Plan Attachment 2 PowerPoint Project. Only work the item of Process Improvement Plan: Addresses how the operational staff will review data and a process for continuation of improvements.Risks to the operation need to be listed as well along with how they will be mitigated.Must have PowerPoint slides and paper. Kibby and Strand CONOPS
Literature review
Literature Review Instructions
The purpose of this research project is for you to create a scholarly piece of graduate-lev ...
Literature review
Literature Review Instructions
The purpose of this research project is for you to create a scholarly piece of graduate-level research and writing, which conforms to current APA format. Competency in the current APA format is required of all Business graduates of Liberty University, as set forth by policy of both the Graduate Faculty and the administration.
You will research and write a literature review on a topic relevant to this course. You will have approximately 6 weeks to research and write the paper. At the beginning of Module 3/Week 3, You will submit a proposed topic in the assignment folder for your Literature Review paper which is due in week 8.Once your topic is approved you should begin working on this final assignment. Do not “recycle” any work from any previous courses you have taken (you may use previously used sources and journals). Your research paper will be a comprehensive thematic review of the scholarly literature related to your topic.
What is a literature review?
“A literature review discusses published information in a particular subject area, and sometimes information in a particular subject area within a certain time period.
A literature review can be just a simple summary of the sources, but it usually has an organizational pattern and combines both summary and synthesis. A summary is a recap of the important information of the source, but a synthesis is a re-organization, or a reshuffling, of that information. It might give a new interpretation of old material or combine new with old interpretations. Or it might trace the intellectual progression of the field, including major debates. And depending on the situation, the literature review may evaluate the sources and advise the reader on the most pertinent or relevant.”[i]
How is a literature review different from an academic research paper?
“The main focus of an academic research paper is to develop a new argument, and a research paper will contain a literature review as one of its parts. In a research paper, you use the literature as a foundation and as support for a new insight that you contribute. The focus of a literature review, however, is to summarize and synthesize the arguments and ideas of others without adding new contributions.”[ii] The academic research paper also covers a range of sources, but it is usually a select number of sources, because the emphasis is on the argument. Likewise, a literature review can also have an “argument,” but it is not as important as covering a number of sources. In short, an academic research paper and a literature review contain some of the same elements. In fact, many academic research papers will contain a literature review section. But it is the aspect of the study (the argument or the sources) that is emphasized that determines what type of document it is.
Why write literature reviews?
“Literature reviews provide you with a handy guide to a particular topic. If you have limited time to conduct research, literature reviews can give you an overview or act as a stepping stone. For professionals, they are useful reports that keep them up to date with what is current in the field. For scholars, the depth and breadth of the literature review emphasizes the credibility of the writer in his or her field. Literature reviews also provide a solid background for a research paper’s investigation. Comprehensive knowledge of the literature of the field is essential to most research papers.”[iii]
What is the format for literature reviews?
“Just like most academic papers, literature reviews also must contain at least three basic elements: an introduction or background information section; the body of the review containing the discussion of sources; and, finally, a conclusion and/or recommendations section to end the paper.
Introduction: Gives a quick idea of the topic of the literature review, such as the central theme or organizational pattern.
Body: Contains your discussion of sources and is organized thematically.
Conclusions/Recommendations: Discuss what you have drawn from reviewing literature so far. Where might the discussion proceed?”[iv]
What is a thematic literature review?
“Thematic reviews of literature are organized around a topic or issue, rather than the progression of time.”v
“Sometimes, though, you might need to add additional sections that are necessary for your study, but do not fit in the organizational strategy of the body. What other sections you include in the body is up to you. Put in only what is necessary. Here are a few other sections you might want to consider:
Current Situation: Information necessary to understand the topic or focus of the literature review.
History: The chronological progression of the field, the literature, or an idea that is necessary to understand the literature review, if the body of the literature review is not already a chronology.
Methods and/or Standards: The criteria you used to select the sources in your literature review or the way in which you present your information. For instance, you might explain that your review includes only peer-reviewed articles and journals.
Questions for Further Research: What questions about the field has the review sparked? How will you further your research as a result of the review?”vi
Important Points to Consider
The paper is to be written in strict conformance to current APA standards, and must contain at least 20 pages of content (excluding the title page, abstract, and references), utilizing at least 12 scholarly references.
The paper is to be submitted through SafeAssign at the end of Module 4/Week 8. It is highly recommended that you download and read the instructions to avoid any stress created by issues that are the result of waiting until the last minute.
A SafeAssign draft check will be provided for you to use to improve your Originality Score prior to your final submission.
Three levels of current APA headings must be used throughout the paper, as this is a graduate-level research paper.
Some students do not fully understand the difference between plagiarism and paraphrasing. Paraphrasing is when you take a source or someone else’s idea and say it in your own words. When you paraphrase, you must still give the author’s name, date, title of the source, the scholarly journal where it came from, and the exact website address or book.
However, when you directly quote a source, it must have quotation marks around the quote, or (if 40 words or more) it must be set in block quotation format. You must also give detailed information of where you acquired the quote.
The paper must not be a series of quotations.
Email your instructor with any questions regarding the project.
[i] Literature Reviews (http://writingcenter.unc.edu/handouts/literature-reviews/)
[ii] Ibid
[iii] Ibid
[iv] Ibid
v Ibid
vi Ibid
MGT 526 University of Phoenix Milestones from Coca Cola Questions Company History
Assignment ContentWorking in business management means taking on responsibility to lead your organization in a variety of ...
MGT 526 University of Phoenix Milestones from Coca Cola Questions Company History
Assignment ContentWorking in business management means taking on responsibility to lead your organization in a variety of situations. Part of that responsibility is understanding where an organization has been and where it’s going. In this course, you put yourself in the shoes of a manager and use resources to make decisions on where an organization is heading in respect to business needs, organizational structure, leadership strategies, and change management. Some of the information needed may be easy to locate, but other information may take time and effort to find. Some may even need assumptions based on research. These research and strategizing skills will be useful in your business management career.Select a company and learn about its history. This will prepare you for your Week 2 Analysis.Note: Some reports are more recent than others. It’s in your best interest to find a company with a recent (within 2 years) report.Select 1 global company from Business Source Complete: SWOT Analyses to use for the next 5 weeks (this will sometimes be referred to as “your company”).Create a chart or outline that conveys the following information:Name of companyIndustryBrief history of companyAt least 3 milestones from the company’s history3 resources (in addition to Business Source Complete) where you can locate company information in future weeks. This may include company websites, current employees, journals, etc.Define 1 new unique business opportunity the company can do to increase their competitive advantage. (Hint: See opportunity factors and subsequent write-up on the opportunities in the SWOT analysis.)Identify a function of management that is needed for this opportunity.Submit your assignment as an attached Word document.
Write a one page abstract paper detailing a major program that has been managed via the acquisition process..
Your final paper will need an abstract. This
final paper will be where you submit a 7 to 10 page paper detailing a
...
Write a one page abstract paper detailing a major program that has been managed via the acquisition process..
Your final paper will need an abstract. This
final paper will be where you submit a 7 to 10 page paper detailing a
major program that has been managed, via the acquisition process, over
the past decade. The content of the paper should demonstrate your
understanding of the acquisition and program manager processes discussed
over the past eight weeks. Therefore,
think about that final paper and begin research this week on what you
think it might be about. Then write an abstract of that concept at this
point in time in this class. You may find over the remaining few weeks
that some variation of the final paper concept changes and that might
change this abstract. If so, that is normal and just fine. In fact, an
abstract is usually the very last piece of any research paper since it
highlights what your paper is all about, what it has reported on
discovering from your research. So, write a one page abstract. It will be edited and sent back to you to use in the final paper. Review all Learning Objectives (LO-1-8). Research the learning objective in the library and on the web. Write this one page paper, plus the title page and a reference page.
That means a one page paper would actually consist of three pages. The
title page and the reference page are never counted in a formal college
paper. As
always, read all the lesson notes before you start this assignment as
new or current events may have been updated since the start of class. Now,
to write an abstract is not just to cut and paste a summary of your
paper or proposed final paper. An abstract is a unique document. It is
usually created after the body of the paper is complete. It is the very
last thing you write. But, we begin here with one. And yes, it is
expected that it might change a bit by the time you do a bit more
research. So, study what an abstract really is. You may be surprised. Writing Instructions (Please read this): •Written communication: Written communication is free of errors that detract from the overall message. •APA formatting: Resources and citations are formatted according to APA (6th edition) style and formatting. •Length of paper: typed, double-spaced pages of 7 to 10 page paper (the content section). •Font and font size: Times New Roman, 12 point. APA GUIDELINES University of California Berkeley Library APA Style Citation http://www.lib.berkeley.edu/TeachingLib/Guides/APA... Purdue University APA Formatting and Style Guide http://owl.english.purdue.edu/owl/resource/560/01/... RESEARCH and WRITING APUS Online Library Tutorial Center http://www.apus.edu/Online-Library/tutorials/index... PLAGIARISM Avoiding accidental and intentional plagiarism http://www.plagiarism.org/ **Refer to the [assignment grading rubric] for details on how the assignment will be evaluated. .Supporting Materials
Assignment+Grading+Rubric-3.docx
(17 KB)
HOW TO WRITE AN ABSTRACT.docx
(51 KB)
SEU Macroeconomics Worksheet
Assignment Purposes/Learning Outcomes: After completion of Assignment-2 students will able to understand the LO 1.2: Des ...
SEU Macroeconomics Worksheet
Assignment Purposes/Learning Outcomes: After completion of Assignment-2 students will able to understand the LO 1.2: Describe how to evaluate macroeconomic conditions such as unemployment, inflation, and Growth LO 1.3: Recognize the fundamental determinant's of a nation's long-run economic growth. Assignment 2 Questions: Week 6 to Week 10: - [5 Marks] Assignment 2 Case Study When taxes induce people to change their behaviour—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from the individual income tax in many countries. In a case study in Chapter 8, we discussed how this tax discourages people from working as hard as they otherwise might. Another inefficiency caused by this tax is that it discourages people from saving. Consider a person 25 years’ old who is considering saving $1,000. If he puts this money in a savings account that earns 8 percent and leaves it there, he would have $21,720 when he retires at age 65. Yet if the government taxes one-fourth of his interest income each year, the effective interest rate is only 6 percent. After 40 years of earning 6 percent, the $1,000 grows to only $10,290, less than half of what it would have been without taxation. Thus, because interest income is taxed, saving is much less attractive. Some economists advocate eliminating the current tax system’s disincentive toward saving by changing the basis of taxation. Rather than taxing the amount of income that people earn, the government could tax the amount that people spend. Under this proposal, all income that is saved would not be taxed until the saving is later spent. This alternative system, called a consumption tax, would not distort people’s saving decisions. Various provisions of the current tax code already make the tax system a bit like a consumption tax. Taxpayers can put a limited amount of their saving into special accounts—such as Individual Retirement Accounts and 401(k) plans—that escape taxation until the money is withdrawn at retirement. For people who do most of their saving through these retirement accounts, their tax bill is, in effect, based on their consumption rather than their income. European countries tend to rely more on consumption taxes than does the United States. Most of them raise a significant amount of government revenue through a value-added tax, or a VAT. A VAT is like the retail sales tax that many U.S. states use, but rather than collecting all of the tax at the retail level when the consumer buys the final good, the government collects the tax in stages as the good is being produced (that is, as value is added by firms along the chain of production). Various U.S. policymakers have proposed that the tax code move further in direction of taxing consumption rather than income. In 2005, economist Alan Greenspan, then Chairman of the Federal Reserve, offered this advice to a presidential commission on tax reform: “As you know, many economists believe that a consumption tax would be best from the perspective of promoting economic growth—particularly if one were designing a tax system from scratch—because a consumption tax is likely to encourage saving and capital formation. However, getting from the current tax system to a consumption tax raises a challenging set of transition issues.” 1: What should be taxed - Personal Income or Personal Consumption and why? Provide your opinion based on the case.(200 words) [1.5 Marks] 2: How may it affect Saudi Economy if an income tax is imposed in KSA? (200 words) [1.5 Marks] Q2: Saudi Arabia’s Ministry of Human Resources recently announced an increase to the monthly minimum wage from 3000 SAR to 4000 SAR for full-time Saudi workers in April 2021, and introduced a Labor Reform Initiative (LRI) scheduled to take effect on 14th March 2021. [2 Marks] a.Discuss the implications of the above topic. b.Will this impact unemployment in the country? How? Answer:
Earn money selling
your Study Documents