Give two reasons why value of norminal GDP would increase

Which of the following statements, if any, concerning the modified cash basis of accounting is/are correct? I. The modified cash basis of accounting employs some elements of accrual accounting. II.

Faith age 42, orally agreed to work for Trinity, Inc. for the rest of her life for $50,000 per year. This agreement would not be enforceable since it violates the one-year rule of the statute of frauds. True

Who owns the factors of production? A. firms B. households C. individuals D. the market

Record the following transactions on the books of RAS Co. (a) On July 1, Cullumber Co. sold merchandise on account to Waegelein Inc. for $15,300, terms 2/10, n/30. (b) On July 8, Waegelein Inc. returned merchandise worth $3,500 to Cullumber Co.

Which are subtracted from revenues to calculate profit? A) costs B) debt C) wages D) overhead

Market economies are characterized by each of the following except: a. individuals have the right to own private property. b. businesses are run to earn a profit for their owners. c. governments strictly regulate how businesses may operate. d.

Why did gateway choose not to carry any finished product inventory at its retail stress? why apple choose to carry inventory at its stores?

Consider the market for portable air conditioners, initially in equilibrium. when a heat wave strikes, the equilibrium price:

Let's examine how the goals of the Fed influence its response to shocks. Suppose that in scenario A the Fed cares only about keeping the price level stable and in scenario B the Fed cares only about keeping output and employment at their natural

Match the vocabulary word to its correct definition. 1. dependent variable 2. independent variable 3. initial value 4. rate of change a. the variable used for the output of a function b. the variable used for the input of a function c.