In the early stages of resource extraction, we would expect
a. Rising prices and increased production
b. Rising prices and decreased production
c. Rising prices and stable production
d. Falling prices and increased production
e. Falling prices and decreased production Feedback
Answer: d. Falling prices and increased production
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The same tools that were intended to allocate funds and spread risk more efficiently in the housing market made it:
A. easier to understand the true risk involved with these assets. B. more difficult to justify buying mortgage-backed securities over other low-risk assets. C. easier to keep everyone fully informed. D. more difficult to keep everyone fully informed.
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $222,000 and Total Liabilities of $17,100 and Total Paid-in capital of $68,400. During the year, the company reported total revenues of $259,000 and expenses of $200,500. Also, dividends during the year totaled $54,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
A shift occurs in the supply curve for salt when:
a. the price of salt increases. b. improvements are made in the production process. c. salt is found to be associated with high blood pressure. d. consumers expect the price of salt to increase in the future.
Risk-sharing forms of compensation are beneficial if employee are
A) risk preferring. B) risk neutral. C) risk averse. D) prefer more to less.