If a factor of production has no production cost and has a fixed supply, then payments to that factor constitute what economists call:

a. normal profits

b. interest payments

c. economic rent

d. abnormal profits

A fad is a product that is popular for an extended period of time.

The difference between representative money and fiat money is that?

Ross Martin arrived at the following tax information: Tax Information Gross salary $ 49,300 Interest earnings 500 Dividend income 140 One personal exemption 3,950 Itemized deductions 8,740 Adjustments to income 1,690 What amount would Ross report as

The president of the United States receives tax policy advice from economists in the a. Federal Reserve. b. Department of Justice. c. Department of the Treasury. d. Congressional Budget Office.

You're the chief sales and marketing officer for Western Health Products, a manufacturer of a wide range of medical products for home, medical office, and hospital use.

Robin earns $46,000 per year and has current debt payments of $1,200 per month. she wants to buy a new car with desirable financing which will give her additional monthly debt payments of $435 provided that her debt payments are no more than 40

Which of the following is a current liability? a. A long-term debt maturing currently, which is to be paid with cash in a sinking fund. b. A long-term debt maturing currently, which is to be retired with proceeds from a new debt issue. c.

Match the legislation with its definition

Where would an allowance be reflected on a budget sheet? income fixed expenses variable expenses available to save

If the u. s. government increases the deficit and federal debt, what happens to the value of the u. s. dollar?