Decide whether each of the following statements is true or false. the two main political parties in the united states, the democratic party and the republican party, are extremely similar in their opinions of the american welfare state. one of the major issues at the center of the political debate over the welfare state is the tradeoff between efficiency and equity. as a government's welfare state system grows, it will likely increase tax rates across all earning quintiles in order to fund the expansions. the united states has one of the largest and most developed welfare state systems among industrialized countries, even though it has some of the lowest tax rates. a notch is a government-imposed fine for families receiving welfare state benefits who do not meet the strict time limit for finding work.

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e. g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e. g. 2.25 and final answers to 0 decimal places, e. g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $

Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?

Atrough in the business cycle occurs when