The significantly high rates of inflation in the 1970s occurred, in part,
a. because of increased petroleum prices.
b. due to high unemployment.
c. despite falling gasoline prices.
d. due to restrictive monetary policies.
a
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Under a standard of contributory negligence, a plaintiff cannot collect for damages if his cost of preventing the accident is less than
a. the defendant's cost of preventing the accident. b. the damages incurred from the accident. c. the damages incurred times the probability of the accident's occurrence. d. the punitive damages imposed by the court.
Under SFAS No. 13, equal monthly rental payments for a particular lease should be charged to rental expense by the lessee for which of the following?
Capital lease Operating lease a. Yes No b. Yes Yes c. No No d. No Yes
What would be the effect of a reduction in the corporate profits tax?
a. Investment would decrease, the production function would shift downward, productivity would decrease, and so would output. b. Investment would increase, the production function would shift upward, productivity would increase and output would decrease. c. Investment would increase, the production function would shift upward, and both productivity and output would increase. d. Investment would decrease, the production function would shift downward, and both productivity and output would increase. e. Investment would increase, the production function would shift upward, productivity would decrease and output would increase.
Freedom of entry and exit is important in maintaining a competitive market over time.
a. true b. false