Scarcity is caused by the fact that the world has limited a. needs b. wants c. resources

Write an essay of a Products or services you would like to create during this world crisis? Use your entrepreneur sprite to open a business,

A country decides to produce wool. Which of the following key economic questions does this decision address? A. What should be produced? B. How should it be produced? C. Who will be the consumers? D.

Early railroad owners formed "pools" in order to a. choose the best workers. b. divide business in a particular area and share profits. c. water their stock. d. pool their capital to construct more rail lines. e. avoid wasteful competition.

The first session of the national convention is generally devoted to

Land was acquired in 2018 for a future building site at a cost of $40,000. The assessed valuation for tax purposes is $27,000, a qualified appraiser placed its value at $48,000, and a recent firm offer for the land was for a cash payment of $46,000.

Privatization is a way to a. shrink the federal budget by selling government services or property in the private sector. b. reduce government costs by relocating government programs to private groups or corporations. c.

Gonzalez Company acquired $200,000 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $70,000 of the bonds for 97.

A debt does not have to be past due before a creditor can begin legal action against a debtor. true or false.

If the government wants to increase production of a good to achieve marginal social benefit, then the following policy will most likely be implemented a.

Suppose that consumption is $500 and that the marginal propensity to consume is 0.6. If disposable income increases by $1,000, consumption spending will increase by A. $600 B. $ 3,000 C. $1,360 D. $ 3,750 E. $1,666.67