Which of the following statements is true of the economic system of North America?
A. The command economy of this region allows competition to strive while the government can extend assistance to individuals or companies.
B. The free-market-based economy of this region results in low trade barriers when attempting to move into other countries.
C. The free-market-based economy of this region allows considerable freedom in decision-making processes of private firms.
D. The command economy of this region allows for high flexibility with decisions and low barriers for other countries to establish business.
Answer: C
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The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. The closer we are to the end of the loan's life, the greater the percentage of the payment that will be a repayment of principal.
Answer the following statement true (T) or false (F)
Which of the following problem-solving skills can best be described as the ability to define noteworthy issues or significant problems affecting the organization?
A. problem definition B. forecasting C. planning D. idea evaluation
Identify the accounts that would normally have balances in the debit column of a business's trial balance.
A. Liabilities and dividends. B. Assets and revenues. C. Liabilities and expenses. D. Revenues and expenses. E. Assets and expenses.
A normal yield curve that is upward sloping implies that:
A. the returns on short-term securities are higher than the returns on long-term securities of similar risk. B. the returns on long-term securities are equal to the returns on short-term securities of similar risk. C. the returns on short-term securities are lower than the returns on long-term securities of similar risk. D. the returns on bonds with higher maturity risks are lower than the returns on bonds with lower maturity risks. E. the returns on bonds with a lower default risks are higher than the returns on bonds with higher default risks.