When economists say an activity is consistent with economic efficiency, they mean?

make price and output decisions without regard to what their competitors might do. have no perceptible influence on the market price, but choose output where marginal revenue equals the marginal cost of production.

The brain and spina cord are covered by

Philips, a multinational electronics corporation based in the Netherlands and diversified in the consumer electronics, domestic appliance, lighting, medical systems and medical technology industries would encounter the following forces of local

An amortized loan: Multiple Choice requires the principal amount to be repaid in even increments over the life of the loan. may have equal or increasing amounts applied to the principal from each loan payment.

How does deficit spending increase the size of the national debt?

Digby has a roe of 0.24 (roe = net income/equity). that means:

If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the monetary base? Assume that the required reserve ratio on checkable deposits is 10% and banks do not hold any excess reserves.

During the Great Depression, consumer spending was higher than ever in history. Question 10 options: True False

A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement cost of the improvements is $235,000. Total depreciation from all causes is $23,000.

NorthWest Corp. obtained the following information from its accounting records: Sales $70,000 Beginning Finished Goods Inventory $10,000 Ending Finished Goods Inventory $46,000 Cost of Goods Sold $22,000 Ending Work-in-Process Inventory $30,000