Office Paper is an office supply firm. If the managers of Office Paper sell 5,000 boxes of staples a year and each order contains 500 boxes of staples, how many orders will the managers submit a year?
A) 10
B) 5,000
C) 500
D) 50
A) 10
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If the population growth rate is 2 percent, real GDP per person will double in 7 years if real GDP grows by ______ percent per year
A. 7 B. 10 C. 12 D. 14
By spreading her investments out over many different assets, an investor achieves
A) a higher expected return. B) increased risk. C) diversification. D) greater liquidity.
The reason that higher interest rates reduce aggregate demand in an open economy with capital flows is that investment
a. increases generated by higher interest rates are offset by net export decreases. b. decreases generated by higher interest rates are coupled with net export decreases. c. decreases generated by higher interest rates are offset by net export increases. d. increases generated by higher interest rates are coupled with net export increases.
Real Gross Domestic Product is Gross Domestic Product
A. adjusted for changes in interest rates. B. adjusted for inflation. C. after eliminating sales of intangible things, like services. D. adjusted for the impact of pollution.