Consider Figure 6.3. With free trade, Iraq purchases ______________ computers at a price of $______________ and realizes $______________ of consumer surplus from the availability of computers.
a. 30, $3,000, $25,000
b. 30, $3,000, $35,000
c. 30, $3,000, $45,000
d. 30, $3,000, $55,000
c. 30, $3,000, $45,000
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Earnings per share is an indication of how much
a. the company paid as dividends for each share of stock held by stockholders. b. the company earned for each share of outstanding common and preferred stock. c. the company earned for each share of outstanding common stock. d. cash the company has for each share of all outstanding stock.
It is often easy to find “opposite” or “polarized” words when describing someone or some situation (e.g., we are either happy or sad). Please explain why those words in the middle are much more difficult to identify.
What will be an ideal response?
Diversity applies to differences in
a. race. b. religion. c. culture. d. All of the above.
The ending merchandise inventory for the current year is overstated by $28,000. What effect will this error have on the following year's net income?
A) The net income will be overstated by $56,000. B) The net income will be overstated by $28,000. C) The net income will be understated by $28,000. D) The net income will be understated by $56,000.