In economics, a free market is best described as

A. a street where festivals take place.

B. avoluntary exchange of goods and services.

C. a place where a person buys groceries for free.

D. a government-controlled barter system.

A partial listing of costs incurred during december at gagnier corporation appears below: factory supplies $28,000 administrative wages and salaries $125,000 direct materials $173,000 sales staff salaries $88,000 factory depreciation $69,000

Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Alan withdraws the accumulated amount of money.

The first step in transferring journal entry amounts to ledger accounts involves

People end up tossing 12% of what they buy at the grocery store (Reader's Digest, March, 2009). Assume this is the true population proportion and that you plan to take a sample survey of 540 grocery shoppers to further investigate their behavior.

An example of price discrimination is A. a golf course charging higher prices for weekend tee minus times than for weekday tee minus times. B. an airline charging higher prices for business travelers than for leisure travelers. C.

A natural monopoly's preemption of entry by other firms by exploiting its economies of scale is an example of

The best way for a franchisee and franchisor to evaluate each other is Question options: for the potential franchisee to go to a sales presentation. for the potential franchisee to spend time working in a franchise location.

Ronald Reagan believed that reducing income tax rates would A. raise economic well-being and perhaps even tax revenue. B. lower economic well-being, even though tax revenue could possibly increase. C. do little, if anything, to encourage hard work.

Unlike niche-oriented shopping bots, broad-based shopping bots: select one: a. give pricing power to the retailers. b. search for prices for only one type of product. c. operate using a yellow pages type of model. d.

What are the pros and cons of Toyota's structure and what are the most important elements of Toyota's organizational structure?