When both the demand and supply curves shift, the curve that shifts by the larger magnitude determines the effect on the undetermined equilibrium object.?

If the government levies $20 billion in taxes to finance additional spending on military weapons, the net impact on total employment will be a a substantial increase in employment because the additional spending will create lots of jobs.

A misconception is a misunderstanding. True False

Why do scientists often review one another's work before it is published?

Zeklen Company had the following data for the month: Variable costs per unit: Direct materials $6.00 Direct labor 2.00 Variable overhead 1.00 Variable selling expenses 0.

As long as countries only produce goods in which they have a comparative advantage and trade those goods for ones in which they do not have a comparative advantage, everyone gains and no one loses as a result of international trade a. True b. False

Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deducted in the current periodB. Tax depreciation for the period exceeds book depreciationC.

1. Expansion will always come with additional expenses True or False 2. Whether the business owner likes the type of business he or she is in is not important True or False 3. Many Franchises require franchisees to pay royalties True or False 4.

In all careers, there are both hard skills and (blank) skills that are important for success.

What is the definition of derived demand? a. consumer demand for a product, stimulated by lack of availability of another product b. demand, due to advertising, for goods and services that are luxuries rather than basic necessities c.

In a competitive market, no single producer can influence the market price because many other sellers are offering a product that is essentially identical. consumers have more influence over the market price than producers do.