1. Define comparative advantage, and explain how a country gets a comparative advantage in the production of a certain good.

Because shifts in aggregate demand are not viewed as being particularly important toaggregate output fluctuations, they do not see much need for activist policy to eliminate highunemployment.

Suppose that a planet fitness studio has fixed expenses of $7500 per month and variable expenses of $4.99 per member per month. how many pf black card members (described in the case) would the studio need each month to break even

Discuss whether you agree with the following statement: "The problem with economics is that it assumes that consumers and firms always make the correct decisions. But we know that everyone makes mistakes."

The Starfire Coffee chain was the only coffee-shop chain and meeting place in many American cities for more than 12 years. People paid $5 for a mug of peppermint coffee and the experience of sitting in front of a roaring fire, chatting with friends.

For each of the decisions below, indicate whether the decision maker would be more likely to get information from the financial (F) or cost (C) accounting system of McDonald's (in addition, perhaps, to other information). a.

Which education level has the highest return on investment (ROI) ? A) High School Diploma B) Bachelor's Degree (4 years of college) C) Senior in High School D) ROI is equal for all of the above.

In 2019, Meghann Carlson, a single taxpayer, has QBI of $129,100 and modified taxable income of $103,280 (this is also her taxable income before the QBI deduction). Given this information, what is Meghann's QBI deduction

Which of these is not a factor you need to consider when choosing a bank? a. The number of ATM machines b. Branch locations c. How often you need access to your money d. The amount of money you paid in income taxes last year

A margin of safety of 30% means that every dollar in revenue generated thirty cents in profit. A. True B. False

Which of the following groups has the responsibility for identifying and deciding the appropriate accounting treatment for recording or disclosing contingent liabilities? A) Auditors B) Legal counsel C) Management D) Management and the auditors