2. Where do you fit in with the definition of economics

Our relationship with the law is best described by

Durable goods, nondurable goods, and services Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're making those decisions, and the goods or services being exchanged.

what is the problem with the argument that infant industries need to be protected from foreign competitions

You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of your balance will remain? a) 9.7% b) 23.6% c) 47.8% d) 90.3%

A certain town in the Midwest obtains all of its electricity from one company, Northstar Electric. Although the company is a monopoly, it is owned by the citizens of the town, all of whom split the profits equally at the end of each year.

Dapper Corporation had only one job in process on May 1. The job had been charged with $3,400 of direct materials, $4,640 of direct labor, and $9,200 of manufacturing overhead cost.

Five different institutional source of contracts

Investment from a macroeconomic perspective refers to

On January 1, X9, Gerald received his 50% profits and capital interest in High Air, LLC in exchange for $2,000 in cash and real property with a $3,000 tax basis secured by a $2,000 nonrecourse mortgage.

A company's profit motive benefits consumers by ensuring the products and services they need are available at a high quality. what is this describing? A. The invisible hand B. Mixed economy C. Laissez-faire D. Private enterprise