Which of the following goods are available at highly economical prices because the use of mass production techniques substantially reduces their per unit production costs?
a. automobiles
b. DVD players
c. microwave ovens
d. all of the above
D
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If you have $10,000 to start a lawn-cutting business, the interest rate is 4 percent, your cost of equipment is $3,000, and the earnings you sacrifice from working at another job are $32,000, your yearly cost of doing business would be
A) $13,000. B) $13,400. C) $35,400. D) $45,000.
When the ________ effect dominates the ________ effect, the labor supply curve is ________
A) income; substitution; vertical B) substitution; income; positively sloped C) income; substitution; negatively sloped D) substitution; income; horizontal
To record adjusting journal entries in QuickBooks, select:
a. Company Center, Journal Entry icon b. Accountant menu, Make General Journal Entries c. Banking section of the Home page, Journal Entry icon d. Company section of the Home page, Journal Entry icon
Suppose that the chain-weighted index for GDP in Gambia was 275 in 2015 and 350 in 2016. The inflation rate between those two years was approximately:
A. 20.2 percent. B. 27.3 percent. C. 37.5 percent. D. 75 percent.