What is scarcity?

A.

The study of how people decide what they want

B.

The study of the types of products available in an economy

C.

When people want more of something than is available

D.

When people do not want the products that are available

Which of the following is an activity, not an industry? dining services tourism travel accommodations

Assume that a country experiences a reduction in productivity that shifts the labor demand curve downward and to the left. If the real wage were rigid, this would lead to: a. no change in the real wage and no change in unemployment. b.

Tanya can make 33 loaves of breadloaves of bread or 1 apple pieapple pie in one hour. Jonathan can make 22 loaves of breadloaves of bread or 1 apple pieapple pie in one hour. Based on this information, which of the following is a true statement? A.

By placing tariffs on imported goods, governments can increase the cost of exporting relative to foreign direct investment and licensing. True or False

Indigo Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,500 Allowance for Doubtful Accounts $3,970 Sales Revenue (all on credit) 838,100 Sales Returns and Allowances 50,780 Prepare the journal

Presented below is information related to Marin Company. Cost Retail Beginning inventory $103,820 $278,000 Purchases 1,402,000 2,152,000 Markups 93,600 Markup cancellations 13,900 Markdowns 34,600 Markdown cancellations 5,000 Sales revenue 2,206,000

Public aid is given the water carriers in the form of waterway construction, development and maintenance. How do the water carriers repay the government for the aid received?

The entry to record the distribution of the stock dividend would include A. a credit to Common Stock. B. a debit to Common Stock Distributable. C. Both a and b D. None of the above

Suzanne, a sales representative at medex, a pharmaceutical firm, was being sexually harassed by her manager, phil. after suzanne refused to submit to phil's advances, he threatened to fire her.

A Geocentric HRM Policy A. trains managers to work in many cultures. B. lets managers work primarily in their own countries. C. can create a gap between home and host country operations. D. is less expensive than an Ethnocentric Policy.