The cost of inflation to society includes

a. the lost spending when people do not have enough money.

b. higher interest rates paid by borrowers.

c. unpredictable changes in the value of money.

d. higher interest rates paid by the government on its debt.

On July 1, 2019, Major Co. pays $15,120 to Mesa Insurance Co. for a 4 - year insurance contract. Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the adjusting entry on December 31 for Mesa Insurance Co.

Assume that households consume only hot dogs and soda; the average household consumes 12 hotdogs and 20 bottles of soda. In 1995, a hot dog was $0.90 each and soda $0.50 each. In 2003, hotdog price went up to $1.25, and soda price went up to $1.00.

You deposit $1,000 in your bank account. (LO5-1) a. If the bank pays 4% simple interest, how much will you accumulate in your account after 10 years? b. How much will you accumulate if the bank pays compound interest?

Explain the main government trade off

All of the following would be included in planned aggregate expenditure except: A. purchases of services provided by government employees. B. planned changes in inventories. C. sales to foreigners of domestically-produced goods. D.

Gaston owns equipment that cost $17,000 with accumulated depreciation of $3,400. Gaston sells the equipment for $12,200.

If the supply of loanable funds exceeds the demand then borrowers will bid up the interst rate. True / False.

The scientific method begins with A. the development of a formal hypothesis. B. the gathering of information. C. the identification of a problem for investigation. D. methodical observation of a phenomenon of interest.

Charles loves watching downton abbey on his local public tv station, but he never sends any money to support the station during its fundraising drives. economists would call charles afree rider.

Georgina is the owner of a company called piquant (which means having a pleasantly sharp taste or appetizing flavor).