Assets that can be converted to cash in one year or less are known as
a. hard assets
b. current assets
c. fixed assets
d. liabilities
e. current liabilities
b. current assets
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To meet their obligation under the Kyoto Protocol, member countries of the European Union (EU) in 2005 devised
a. a universal carbon tax b. a GHG trading program c. an EU-wide subsidy program for electric cars d. none of the above
Suppose that the table shown shows the demand and supply schedules for pork bellies. Which of the following statements is true?Price($/lb.)Quantity demanded (lbs.)Quantity Supplied (lbs.)$0.1030,0005,000$0.2025,00010,000$0.5020,00020,000$0.7515,00030,000$0.955,00040,000
A. There would be a shortage of pork bellies if the price were $0.25 per pound. B. There would be a shortage of pork bellies if the price were $0.50 per pound. C. There would be a surplus of pork bellies if the price were $0.25 per pound. D. There would be a surplus of pork bellies if the price were $0.50 per pound.
U.S. Trade Adjustment Assistance:
a. is not available to workers in manufacturing. b. is not available to workers displaced by NAFTA. c. is not available to workers in service industries. d. expired with the advent of the WTO in 1995.
If two goods are complements:
A. an increase in the price of one will increase the demand for the other. B. they are necessarily inferior goods. C. they are consumed independently. D. a decrease in the price of one will increase the demand for the other.