A rise in the oil price will
A) shift the supply curve of gas to the left.
B) shift the supply curve of gas to the right.
C) leave the supply curve of gas unchanged.
D) Not enough information is provided.
A
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A tariff is a tax imposed on ________ good.
A. a luxury B. a domestic C. an illegal D. an imported
According to the table shown, what happened to the cost of living from 2013 to 2014? The cost of living:
A. increased; consumers became worse off than they would have been if the price level had not changed.
B. decreased; consumers became worse off than they would have been if the price level had not changed.
C. increased; consumers became better off than they would have been if the price level had not changed.
D. decreased; consumers became better off than they would have been if the price level had not changed.
The new growth theory explains why foreign students choose to study in
A. the United Kingdom. B. Singapore. C. the United States. D. China.
Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions).
Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions).
| Current assets, end of year | $1,555.0 | Long-term liabilities, end of year | $6,376.3 |
| Cash, end of year | 192.6 | Stockholders' equity, end of year | 7,891.1 |
| Cash from investing activities | (277.6) | Cash from operating activities | 1,218.0 |
| Cost of products sold | 4,521.0 | Total assets, beginning of year | 15,639.7 |
| Total liabilities, end of year | 7,410.1 | Revenue | 7,357.1 |
| Cash from financing activities* | (914.6) | Total expenses, other than cost of | 1,497.5 |
| Stockholders' equity, beginning of year | 6,850.2 | product sold | |
| Dividends paid | 350.3 |
* Cash from financing activities includes the effects of foreign exchange rate fluctuations.
e. Compute profit margin (PM).
f. Compute asset turnover (AT).
g. Compute ROE.