All of the following are true regarding transfer prices except which one?
A) Transfer prices can affect the taxes a firm must pay.
B) The transfer price is the internal firm price on an input that input-producing division charges the input-using division.
C) Transfer prices occur when a firm engages in divestiture.
D) Transfer prices are an accounting entry for the within-firm price of an input.
C) Transfer prices occur when a firm engages in divestiture.
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In measuring GDP, which of the following is included?
A) the value of durable consumption goods but not the value of nondurable consumption goods. B) the value of preparing meals at home C) the value of stocks and bonds bought and sold D) the value of increases in business inventories E) the value of used goods when they are sold
Why is the demand curve the same as the marginal benefit curve?
What will be an ideal response?
The real wage rate measures the quantity of goods and services an hour's work will buy
Indicate whether the statement is true or false
People tend to hold more money as _______ and ______ rise; they tend to hold less as ________ and __________ rise.
Fill in the blank(s) with the appropriate word(s).