Entrepreneurs are__

typically female

already wealthy

optimistic

older

How does the substitution effect work when the price of an item drops?

If firms reduce investment spending and the economy enters a recession, which of these contributes to the adjustment that causes the economy to return to its long-run equilibrium?

The following form of economic integration has free trade in goods and services, common external trade barriers, and the free flow of factors of production, and a common currency Group of answer choices Economic Union Political Union Common Market

Process and job order cost systems are similar in all of the following ways except a. both maintain perpetual inventories b. both use job order cost cards c. both accumulate product costs-direct materials, direct labor, and factory overhead d.

Joan sells new cars at a local dealership. she receives a 25% commission on the profit each car is sold for. last month she sold 9 cars, for a total of $8,870 dealer profit. how much did she earn in commission?

Gleason Construction enters into a long term fixed price contract to build an office building for $28,000,000.

What is the maximum period that an insurer would pay benefits in accordance with an Additional Monthly Benefit rider?

Betty owns 100 shares of stock of the Flintstone Corporation. She sells her stock to Wilma and delivers to her: (1) her stock certificate for 100 shares and (2) a written, signed assignment of the 100 shares to Wilma.

In what federal body do all bills concerning taxes/revenue originate?

Identify the a market structure characterized by many small firms selling somewhat different products. a. monopoly b. monopolistic competition c. perfect competition d. duopoly