In order for the economy to be strong, businesses must

a.

produce goods and pay workers

b.

provide labor and pay workers

c.

produce goods and buy goods

d.

provide labor and buy goods

A pair of shoes is on sale for 25% off of the reguler price. what is the decimal for the amount of the reduction

Which of the following assumptions is false in a cost-volume-profit analysis? Total sales and total costs can be represented by straight lines. Within the relevant range of operating activity, the efficiency of operations does not change.

The difference between zero profit and zero economic profit is that: a. economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero profit. b.

Accountants refer to an economic event that affects a company's financial statements as a (A) transaction. (B) purchase event. (C) sale event. (D) recording event.

A Wall Street Journal article noted that a study by the U. S. Congressional Budget Office "estimated raising the minimum wage to $10.10 an hour would reduce U. S. employment by 500,000 but lift 900,000 Americans out of poverty.

Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated

Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can produce ei ther 2 units of corn or 6 units of wheat per year. Each nation has 10 workers.

How can business taxes positively affect an economy? A If taxes are low, more businesses can be created. B If taxes are low, then businesses will give more of their earnings away.

Assume Joe Harry sells his 25% interest in Joe's S Corp., Inc. to Tyrone on January 29. Using the daily allocation method, how much income does Joe Harry report if Joe's S Corp., Inc.

Whirlwind Financial Corporation sends its executives to a resort in Mexico-at taxpayer's expense-to consider using the firm's cash to buy back its stock and thereby prop up the value. Many of its competitors are doing the same thing.