In business, the "bottom line" refers to the very last line of a(n):
A. income statement, which shows profit.
B. balance sheet, which shows profit.
C. income statement, which shows total revenue.
D. balance sheet, which shows total income.
A. income statement, which shows profit.
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Explain briefly the following concepts:
(a) Increasing returns to scale. (b) Decreasing returns to scale. (c) Constant returns to scale
The money multiplier can be as ________ as the reciprocal of the reserve ratio but is usually ________.
A. high; lower B. high; constant C. low; constant D. low; higher
Which statement is true?
A. Natural monopolies may occur in theory, but there are virtually no actual examples in today's economy. B. All forms of a monopoly are illegal in the United States. C. Many public utilities are natural monopolies. D. None of these statements are true.
If the forward rate is greater than the spot rate, what are markets signaling about their expectations for the future spot rates for the home currency?
What will be an ideal response?