A general store in a remote community is an example of what? A. a technological monopoly B. a geographic monopoly C. a government monopoly D. a natural monopoly

Received a $665 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicycle repair shop; $685 rent received for January. Delivered five rebuilt pianos to customers who paid $18,675 in cash.

If you place a bet on red or black and win, your money is doubled, and if you place your bet on green and win, then your money is tripled. Suppose you bet $1000 in a round of roulette. What is the expected amount that you will have after the round?

Mr. and Mrs. K own rental property that generates $4,000 monthly revenue. The couple is in the highest marginal tax bracket. For Christmas, Mr. and Mrs.

Describe what an insurance company does and sells without using the word insurance

Page 19 1.2. What are five foundations of economics? Calvin and Hobbes run a company that sells wallet chains and wallet decals. Calvin is faster at making decals than chains, and Hobbes is faster at making chains than decals.

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