Money that has value because the government has ordered that it is an acceptable means to pay debts is referred to as

1) fiat money

2) commodity money

3) representative money

4) uniformity

The population p, in millions, of a certain country can be calculated by p=0.83t54, where t is the time in years, and t = 0 represents the year 2015. find the expected population of this country in 2096.

A major employer relocates, leaving many homes in an area vacant and unmaintained. this is an example of

A firm decides to provide support services for its products for which its customers will pay extra. These services are not offered by its competitors and the firm does no incur commensurate supplier opportunity costs when it offers the services.

Esty Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units.

Palmer Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 boxtops from Palmer Frosted Flakes boxes and $1. The company estimates that 60% of the boxtops will be redeemed.

A. Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent, and the required rate of return on Acme Healthcare stock is 15 percent.

taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency in the allocation of resourcesd. are voluntary payments to governments

Mycenaean Greece became more powerful after a. creating trade networks with Egypt b. war with Persia. c. destruction of Crete d. political consolidation in. the Dark Ages

An increase in the reserve requirement increases reserves and decreases the money supply. a. true b. false

Tom oversees the logistics department for a holiday resort in Virginia. He has created a plan to bring in customers directly from Asian countries. He wants to sell holiday packages to these customers.