Suppose that real GDP equals $10 trillion, nominal GDP equals $20 trillion, and the aggregate price level equals 2.

If the velocity of money is 2, the money supply is:

a) $20 trillion. b) $10 trillion. c) $5 trillion. d) $40 trillion.

Peter owns an auto dealership. Peter hires Cara as a receptionist, Ben as a salesperson, Stacy as a mechanic, and the "Clean as a Whistle Co." to come in at night and clean the premises.

Which of the following is a disadvantage of using MPR? Group of answer choices a. It does not contribute to a company's ROI. b. It lacks credibility. c. It fails to support advertising programs. d. It does not guarantee media time and space.

What experience would least demonstrate to an employer that you have the skills to be an assistant to a newspaper reporter?

Market structures differ on two important dimensions: a) price discrimination and product differentiation. b) number of sellers and product differentiation.

Rossiter Restaurants is analyzing a project that requires $180,000 of fixed assets. When the period ends, those assets are expected to have an after-tax salvage value of $45,000.

In pure competition, the demand for the product of a single firm is perfectly Multiple Choice A) elastic because the firm produces a unique product. B) inelastic because the firm produces a unique product.

Suppose Toyota built a new automobile plant in Mexico using Japanese management practices, Canadian capital, and Mexican labour. Which of the following statements would be true? A.

Suppose that the home country in the two-sector (manufacturing and agriculture) specific-factors model has a comparative advantage in manufacturing output. What will happen to the relative price of manufactured output when trade occurs?

Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,900 uncollectible account of its customer, A. Hopkins.

How is a gas different from a solid or a liquid? A. A gas is made of tiny particles. B. A gas has volume. C. A gas expands to fill the container. D. A gas has density. TY