Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. last year at a price of $5 per unit, you purchased 20 units. what has most likely happened over the last year?

A national brand of yogurt advertised that its special bacterial ingredients were scientifically proven to boost the immune system. however, the company could not provide any research to support that claim.

Calculate what happens to nominal GDP if velocity remains constant at 5 and the money supply increases from $350 billion to $525 billion. Originally, nominal GDP is $ nothing trillion. (Round your response to two decimal places. )

The dollar value of final goods and services only is counted in gdp because:

The opportunity cost of an action: Group of answer choices can be determined by considering both the benefits that flow from as well as the monetary costs incurred as a result of the action.

The ability to combine marketing knowledge with operations knowledge is an example of ___ skills. A. time-management B. integration C. functional D. implementation

The country has is experiencing a recession where the unemployment rate is at 10% and climbing. While you do still have your full-time job at this time, you are very concerned about the future of America's economy - will you lose your job, will you

A flexible budget is prepared when management cannot agree on objectives for the company. projects budget data for various levels of activity. is only useful in controlling fixed costs.

Means that sellers can restrict people who do not pay for the product from obtaining its benefits

The accountant of Omega Consulting failed to make an adjusting entry to record $6,000 for unearned service revenues that were earned before the end of the fiscal year. Assume the company initially recorded a liability.

1. The ceteris paribus assumptions means: a. favors are returned in kind. b. this is proof of the matter. c. from many, one. d. other things are equal.