Why Did the Framers Settle on a Single,as Opposed to a Three-Person,executive

question 97

Multiple Choice

Why did the framers settle on a single,as opposed to a three-person,executive?

• A) They could not agree on three individuals to be the first to serve in the designated positions.
• B) They feared that three individuals would not provide a unified voice for the government
• C) They realized that one person would act more decisively, yet still be constrained by checks and balances.
• D) The president would not have the power of the veto.
• E) The president would not play a significant role in the legislative process.

Analyze the impact of income changes, prices of goods, and preferences on a consumer's optimal choice.

Calculate consumer's income and price of goods given budget constraints.

Understand the relationship between wage changes and labor supply decisions in the work-leisure model.

Distinguish between the substitution and income effects in the context of labor supply and consumption decisions.

---

Definitions:

Non-Eligible Dividends

Dividends that are paid out by a company from earnings that are not subject to the preferential tax treatment as eligible dividends in some jurisdictions.

Average Tax Rate

The proportion of total taxable income that an individual or entity pays in taxes, calculated by dividing the total tax paid by the total taxable income.

Capital Gains

Capital gains are the profits realized from the sale of assets such as stocks, bonds, or real estate, which exceed the purchase price.

Non-Eligible Dividends

Dividends that are paid out by a company from earnings that have not been taxed at the general corporate tax rate.