True or False

The mismatch of unlimited wants and needs and limited economic resources is called the basic economic problem.

Which factor most directly affects a furniture company's supply? the growing number of furniture buyers in the market the availability of raw materials and natural resources a change in the price of rugs and other complementary goods an increased

The allowable amount a person can contribute to a Keogh plan a. is set by the U. S. Treasury. c. is $10,000 a year. b. is 59 1/2 percent. d. changes periodically.

Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax. 1. Record the entry for the $6,000 sale and its sales tax. 2.

The manager provided the following information. Direct manufacturing labor hours: 1,200 hours Actual units produced: 0.

A natural monopoly can purposely increase its cost of production by

What three requirements do you have of a financial institution?

Leaders: a. embrace change. b. tend to do the work themselves rather than delegate it to others. c. are mainly concerned with tactical issues as opposed to change issues. d. strive to maintain order and stability.

The annual revenue of the tie-dye t-shirt operation is currently $5,000 but is decreasing by $500 each year. how fast are annual sales changing?

An increase in money income: a. Shifts the consumer's budget line to the right. b. Shifts the consumer's budget line to the left. c. Increases the slope of the budget line. d. Has no effect on the budget line.

Allison and josh are partners in a business. allisons capital is $60,000, and joshs capital is $100,000. profits for the year are $80,000. they agree to share profits and losses as follows: