Cash and other assets that are expected to be converted to cash within one year are called
a. short-term assets
b. long-term assets
c. short-term liabilities
d. long-term liabilities
e. current assets
e. current assets
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Which of the following is classified as a final good or service?
i. tires bought by GM to put on new Tahoes ii. mustard bought by Subway to put on its sub sandwiches iii. your purchase of online access to the Wall Street Journal A) iii only B) i and ii C) i, ii and iii D) ii only E) ii and iii
A decrease in resource prices will increase the incentive of
a. users to purchase the resource. b. suppliers to provide more of the resource. c. firms to find and develop substitutes for the resource. d. consumers to look for alternatives that do not contain the resource.
A government wants to establish a minimum wage for workers to raise the standard of living for a large segment of the population. Where should the government set the minimum wage relative to W E ?
a. above W E
b. below W E
c. equal to W E
d. W E is irrelevant.
Savings banks and savings and loans are regulated by a combination of agencies which includes all of the following except:
A. The Federal Reserve System. B. The Comptroller of the Currency. C. state authorities. D. The Federal Deposit Insurance Corporation.