When the value of a country's exports exceed the value of its imports, the country is experiencing:

a. a recession.

b. a trade surplus.

c. inflation.

d. a trade deficit?

Who criticized Marx for focusing exclusively on economics and social class as explanations for human behavior and advocated sociological analyses that allowed for multiple influences?

Which of the following could explain why a business might choose to operate as a corporation rather than as a proprietorship or a partnership? a. Corporations generally find it easier to raise large amounts of capital. b.

Larcker Manufacturing's cost accountant has provided you with the following information for January operations: Direct materials $ 37 per unit Fixed manufacturing overhead costs $ 220,000 Sales price $ 195 per unit Variable manufacturing overhead $

Which type of consumer products are frequently purchased with little planning, little comparison or shopping effort, and low customer involvement?

Consider a firm that employs some resources that are owned by the firm. When accounting profit is zero, economic profit Multiple Choice must also equal zero. is sure to be positive. must be negative and shareholder wealth is reduced.

John qualifies for a high-interest car loan. Making a down payment will what

A life insurance policy that fails the 7-pay test is considered by the irs to be a modified endowment contract. this type of policy will

Free enterprise and laissez-faire economies gave the most benefits to a. workers. c. governments. b. employers. d. foreign markets

The country of Alaine produces 1,000 tons of corn during a year. It is valued at $500 per ton. A lobbyist for the corn industry in Alaine argues that the total value of corn production should be included in the country's GDP for the same year.

June 23. Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account. Sept. 21. The note is dishonored by Radon Express Co. Oct. 21.