Based on the figure above, as a result of international trade, U.S. domestic production ________ airplanes per year
A) decreases by 200
B) increases by 300
C) decreases by 100
D) increases by 500
E) increases by 200
B
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What is the journal entry to record the direct labor summarized on the labor distribution report?
a. debit to Finished Goods and credit to Payroll b. debit to Work-in-Process and credit to Payroll c. debit to Payroll and credit to Direct Labor d. debit to Payroll and credit to Cash
Which of the following will shift today's supply curve to the right?
A) Input prices rise. B) Sales taxes increase. C) Prices are expected to be higher in the future. D) Prices are expected to be lower in the future.
To attain a higher rate of economic growth, we need to devote___
a. a higher proportion of our production to capital goods and a lower proportion to consumer goods. b. a higher proportion of our production to consumer goods and a lower proportion to capital goods. c. a higher proportion of our production to both consumer goods and capital goods. d. a lower proportion of our production to both consumer goods and capital goods.
Which of the following will increase the level of human capital in an economy?
A. A decrease in the population. B. An increase in land mass. C. An increase in literacy rates. D. An increase in factory capacity.