Which of the following formulas is correct?
A) Net investment = gross investment + capital
B) Net investment = gross investment - saving
C) Net investment = gross investment - wealth
D) Net investment = gross investment - depreciation
E) Net investment = gross investment + depreciation
D
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If households could be charged differently for different types of garbage,
A) the total amount of garbage would be reduced. B) recycling would be more difficult. C) costs of collecting garbage could be kept much lower. D) billing for garbage collection would be much easier. E) there would be a change in the types of items that are disposed of as garbage.
Richard Bland quit his job as an accounting professor to start his own restaurant. He gave up a salary of $50,000 per year and withdrew $100,000 in bank CDs earning 5 percent to buy a building and equipment. In the restaurant's first year it had direct expenses of $75,000 and revenues of $150,000 . The restaurant's economic profit was
a. $15,000. b. $20,000. c. $75,000. d. not possible to determine from the information given.
There are race-based differences in income that cannot be explained by factors such as educational attainment and years of experience. Evidence of discrimination comes from audit studies, where otherwise similar white and minority candidates are sent to the same source to seek jobs, rent apartments, or apply for mortgage loans, and minority candidates are treated less favorably
Indicate whether the statement is true or false
When Henry Ford doubled his worker's wages in 1914, he was implicitly recognizing
A. the wage-price flexibility concept. B. say's Law. C. the paradox of thrift. D. the real balance effect.