Voluntary exchange refers to an act of trading between individuals that makes both parties to the trade subjectively better off.

a. true

b. false

Inhabitants of Pandora use stone beads as money. On average, every stone bead is used 5 times per year to carry out transactions. The total supply of beads is 50 million.

Of the following factors affect economic growth? a. land c. labor b. capital d. all of the above

If an accounting firm is sued for negligently preparing a faulty financial report for a company that caused significant losses by those who relied on the accounting, the accounting firm is likely to be:

On June 30, a printing shop provides $1,000 of services to a customer to custom print restaurant menus. The customer is sent a bill on July 5 for the amount due. A check in the amount of $1,000 is received from the customer on July 25.

Athletes who train at high altitudes increase their red blood cell count and thus increase their oxygen supply during exercise. increased oxygen supply results in

Group Sky Corporation has 6.5 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 102 percent of par. What is the current yield

Digby has a roe of 0.24 (roe = net income/equity). that means:

If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the monetary base? Assume that the required reserve ratio on checkable deposits is 10% and banks do not hold any excess reserves.

During the Great Depression, consumer spending was higher than ever in history. Question 10 options: True False

A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement cost of the improvements is $235,000. Total depreciation from all causes is $23,000.