What is the basis for economics

The largest sector of the economy is the consumer, or household, sector. select one: a. True b. False

Consider an economy with two types of firms, S and I. S firms always move together, but I firms move independently of each other.

Based on the circular flow of business, what are two ways that households impact the economy? A) They provide wages and products for consumption. B) They purchase resources and provide social services.

In Rooney Company, direct labor is $20 per hour. The company expects to operate at 10,000 direct labor hours each month. In January 2017, direct labor totaling $206,000 is incurred in working 10,400 hours.

An 8a small disadvantaged business graduates from the 8a program after how many years? a. 11b. 9c. 5e. 7

If the economy is in decline, and the Federal Reserve wants to encourage banks to lend to consumers, which step will the Fed likely take? a. Encourage the sale of government securities. b. Decrease the discount rate. c.

What is required for a patent? A. A trade secret. B. Not trademarked C. It should be useful, novel and not unique. D. It must be useful, novel and not obvious.

Causal forecasting methods are used when: a. historical data is available and there is a relationship between the item to be forecasted and some other factor (such as advertising expenditure or sales of another product). b.

What is the best way to finance your own business?

Blue Space Corporation launches exploratory space flights to the moon and Mars. The purpose is to discover and retrieve minerals and other resources. Under U. S. Law, Blue Space a. must share with all interested parties what it retrieves in space. b.