Which of the following are criticisms of voucher programs?
a. They do not allow government to exercise enough control over education finance.
b. Exclusionary admission standards under a voucher program would be unjust.
c. Vouchers might be used at sub-standard schools.
d. all of the above
e. b and c
e
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The loss of profit to the chemical solvent manufacturer from changing its output from QC to QE is
Consider the following graph of the market for chemical solvents, production of which damages a waterbody used for recreation.
a. DGH b. DEH c. DEHG d. EH
If prices increase only in the United States, then:
A. U.S. goods become relatively more expensive than goods from other countries. B. U.S. goods become relatively less expensive than goods from other countries. C. the prices of foreign goods must rise. D. the income level of people in the US must rise.
Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions).
Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions).
| Current assets, end of year | $1,555.0 | Long-term liabilities, end of year | $6,376.3 |
| Cash, end of year | 192.6 | Stockholders' equity, end of year | 7,891.1 |
| Cash from investing activities | (277.6) | Cash from operating activities | 1,218.0 |
| Cost of products sold | 4,521.0 | Total assets, beginning of year | 15,639.7 |
| Total liabilities, end of year | 7,410.1 | Revenue | 7,357.1 |
| Cash from financing activities* | (914.6) | Total expenses, other than cost of | 1,497.5 |
| Stockholders' equity, beginning of year | 6,850.2 | product sold | |
| Dividends paid | 350.3 |
* Cash from financing activities includes the effects of foreign exchange rate fluctuations.
e. Compute profit margin (PM).
f. Compute asset turnover (AT).
g. Compute ROE.
A jury award that wildly overstates non-monetary losses can harm the economy primarily because it
A. still fails to adequately compensate the injured party for all damages. B. takes from the rich and gives to the poor. C. causes overly-cautious buyers and sellers to avoid mutually-beneficial transactions. D. enriches greedy plaintiff's lawyers.