Describe two disadvantages of early forms of money, and explain how they could have been fixed.

Suppose United and American both service the New York-Boston route. If they both charge $100 each way, they each get monthly profits of $81 thousand. If they both charge $200 each way, they get monthly profits of $112 thousand.

Economists assume that rational people never use all available information as they act to achieve their goals. only weigh the benefits and costs of the most desirable alternative actions. undertake activities that benefit others and hurt themselves.

What is the difference between global trade and domestic trade?

Officials at bp and the company itself faced heavy fines, as well as civil and criminal suits. this type of legal and financial jeopardy is an example of what type of control?

What are three common causes of scarcity?

Charm Co. owns a delivery truck with an original cost of $10,000 and accumulated depreciation of $7,000. Charm acquired a new truck by exchanging the old truck and paying $2,000 in cash.

A matrix organization for project management has a distinct advantage because:A) Dual hierarchies mean two bosses. B) A significant amount of time is spent negotiating the sharing of critical resources.

On April 1, 2014, Prince Company assigns $500,000 of its accounts receivable to the Third National Bank as collateral for a $300,000 loan due July 1, 2014. The assignment agreement calls for Prince Company to continue to collect the receivables.

The ability to produce a good or service at a lower opportunity cost than other producers is called

Which principle of design indicates that the elements that represent the same idea or category should be placed together?