In economics there are positive statements and normative statements. The following is an example of a normative statement: "Students should be able to attend community college for free, just like public school (K - 12) is free."

2. How does a command economy differ from a market economy?

The Great Leap Forward a. was strongly supported by the Soviet Union, since it mimicked their Five Year Plans. b. tried but failed to transform China into an industrialized society. c.

Gayla tells frank that she will pay him $50 to haul the trimmed tree limbs and other lawn debris from her property. franco's acceptance is complete d when

A customer has purchased 1,000 shares of ABC stock at $44 per share, paying a commission of $1.00 per share for the transaction. ABC stock declares a 20% stock dividend.

K has a policy with her husband named as a primary beneficiary and her brother as a contingent beneficiary. One day K's husband and brother both died in a car accident. Who will receive K's proceeds when she dies?

Adam's bank account has a balance of $1213.69 before he starts spending money. He makes the following transactions: Transaction Cost ($) Car payment 260.16 Groceries 97.98 Parking ticket 75.00 DVD box set 115.35 Antique lamp 68.53 Suit 331.

When is a goodwill impairment loss recognized? a. Annually on a systematic and rational basis. b. Never When both the fair value of a reporting unit and its associated implied goodwill fall below their respective carrying values. c.

The back of a box of hinode harvest blend rice mix suggests cooking with chicken broth for added flavor. this is an example of

Market failure occurs when Question 22 options: an unrestrained market economy leads to too few or too many resources going to a specific economic activity. one good is superior to another and drives it out of the market.

Using accrual accounting, revenues are recorded a. when cash is received at the time services are performed or products have been delivered to customers b.