Cost-benefit analysis is the public sector counterpart to ____ used in private, profit-oriented firms
a. ratio analysis
b. break-even analysis
c. capital budgeting techniques
d. economic forecasting
e. none of the above
c
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The figure above shows the demand for fruit snacks. Which movement reflects an increase in income if fruit snacks are an inferior good?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
If the population growth rate is 2 percent, real GDP per person will double in 7 years if real GDP grows by ______ percent per year
A. 7 B. 10 C. 12 D. 14
A market with few entry barriers and with many firms that sell differentiated products is
A) purely competitive. B) a monopoly. C) monopolistically competitive. D) oligopolistic.
Cash and other assets that are expected to be converted to cash within one year are called
a. short-term assets b. long-term assets c. short-term liabilities d. long-term liabilities e. current assets