Which of the following statements demonstrates that people tend to act in their self-interest?
A. A wide variety of sellers encourages market-responsive products.
B. People always want more-for less.
C. The more information buyers and sellers have, the more efficient the competition.
D. A wide variety of buyers helps sellers find customers.
E. Externalities are social costs.
Answer: B
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What will be an ideal response?
Erin will be searching for a job online and wants to make sure she doesn't waste her time. What is the best advice you can give her?
A) Pick one online job-search site and use it exclusively. B) Do her searching late at night when the Web isn't as busy. C) Avoid the big job boards altogether. D) Stay focused on a specific goal.
Which of the following statements is NOT correct?
A. Payroll tax deposits can be made electronically or by using a Federal Tax Deposit Coupon, Form 8109. B. The "lookback period," in regard to payroll taxes, is defined as the previous month. C. The accountant obtains information about wages subject to payroll taxes from the payroll register. D. Most commercial banks are authorized to accept the employee's tax deposits for federal income taxes withheld and the employer's and employees' shares of social security taxes.
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Fill in the blank(s) with the appropriate word(s).