Keynesian economics emphasized that economic downturns could be due to: inflation. T/F?

Bruce is the owner of a small design firm. He hires Richard, Tim, Cassandra and Stephanie, who are some of the best designers in his city. Each of them has experience working independently.

5. Which of the following statements best describes a chart of accounts? A. It can contain only 39 accounts. B. It assures the equality of debits and credits. C. It contains the beginning balance for each account in the ledger. D.

Suppose that in a market for used cars, there are good used cars and bad used cars (lemons). Consumers are willing to pay as much as $6,000 for a good used car but only $1,000 for a lemon.

Maceo is making rock candy. Which best describes the steps she should take? heat a saturated sugar water solution, dissolve more sugar then let the solution cool.

On the first day of the fiscal year, a company issues a $4,200,000, 11%, 10-year bond that pays semiannual interest of $231,000 ($4,200,000 * 11% * ½), receiving cash of $3,532,579.

Being a first mover in a market is advantageous for a firm because: Group of answer choices it may have an opportunity to free ride on late-mover investments. it may gain advantage through proprietary technology.

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.