In 2002, the Enron Corporation was accused of falsifying information regarding liabilities on Enron's balance sheets, thereby
A) increasing Enron's assets on the balance sheet.
B) reducing Enron's profit on the balance sheet.
C) increasing Enron's net worth on the balance sheet.
D) reducing Enron's net income on the income statement.
Answer: C
You might also like to view...
Suppose the elasticity of demand for a product is 0 and elasticity of supply is 1. If the government imposes a tax on the product, then
A) buyers and sellers pay exactly the same share of the tax. B) buyers pay all of the tax. C) sellers pay all of the tax. D) buyers pay a smaller share of the tax than do sellers, but both buyers and sellers pay some of the tax. E) because the elasticity of demand is zero, the government collects no revenue from this tax.
Refer to Figure 10.3. A negative demand shock with no change in the real interest rate is best represented by ________ in panel (a) and ________ in panel (b)
A) a shift from AE3 to AE2; a shift from IS2 to IS1 B) a shift from AE2 to AE3; a shift from IS1 to IS2 C) a shift from AE2 to AE1; a movement from point B to point A D) a shift from AE3 to AE1; a movement from point C to point A
Assume the following situation. In year 1, a $400 capital stock generates a $100 GDP. One-fifth, or $20 of the $100 GDP, is put into investment. Assuming a constant capital/output ratio and no depreciation, the capital stock in year 2 is
a. 400 b. 420 c. 440 d. 500 e. 800
What is full employment? What are the different kinds of unemployment? What constitutes the natural (normal) rate of unemployment?
What will be an ideal response?