Which of the following agencies has established standardized accounting principles for reporting corporate earnings?
A) The Securities and Exchange Commission
B) The Federal Trade Commission
C) The National Accounting Board
D) The Fair Reporting Commission
A
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A Gini coefficient of zero indicates:
A. there is no income being earned. B. Computed correctly the Gini coefficient only has values greater than zero. C. perfect inequality. D. perfect equality.
If the labor demand decreases, what will happen to the real wage, employment, and output, assuming no change in the labor supply?
a. The real wage will increase, employment will decrease, and real output will increase. b. The real wage will decrease, employment will decrease, and real output will increase. c. The real wage will increase, employment will decrease, and real output will decrease. d. The real wage will increase, employment will increase, and real output will increase. e. The real wage will decrease, employment will decrease, and real output will decrease.
John is willing to sell his car for $3,000 . If the market price of the car is $5,000 . the producer surplus that John will receive is _____
a. $2,000 b. $3,000 c. $5,000 d. $8,000
If the price of action figures was $12.00 each, his consumer surplus would be
Table-Demand and Utility Table for action figures
A. $2.
B. $4.
C. $12.
D. $14.