What are liabilities?
A) anything of value owned by a person or a business
B) only those unpaid expenses for which a business or person is making interest payments
C) the total cost of labor for a firm
D) anything a person or a business owes to entities outside the business
D
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When the nation of Worldova allows trade and becomes an exporter of silk,
a. residents of Worldova who produce silk become worse off; residents of Worldova who buy silk become better off; and the economic well-being of Worldova rises. b. residents of Worldova who produce silk become worse off; residents of Worldova who buy silk become better off; and the economic well-being of Worldova falls. c. residents of Worldova who produce silk become better off; residents of Worldova who buy silk become worse off; and the economic well-being of Worldova rises. d. residents of Worldova who produce silk become better off; residents of Worldova who buy silk become worse off; and the economic well-being of Worldova falls.
What did the high-growth Asian economies do to share wealth across all levels of society?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1) Because families can afford to have more children, population growth is greater in the IACs than in the DVCs. 2) The capricious universe view is the idea that the IACs are exploiting the DVCs. 3)An advantage of direct foreign investment (compared to foreign loans) is that management skill and technological knowledge often accompany such capital flows. 4) Reduction of tariff barriers against DVC imports would benefit both the DVCs and the IACs.
Many economists challenged the idea of activist government intervention in the economy following the
A. recession of 1980-1982. B. inflation of the 1970s and early 1980s. C. recession of 1974-1975. D. all of the above.