Assume that the United States is relatively scarce in unskilled labor and relatively abundant in capital. According to the Stolper- Samuelson theorem, free trade policies would tend to be opposed by ______ in the United States.
a. unskilled workers
b. owners of capital
c. both unskilled workers and owners of capital
d. neither unskilled workers nor owners of capital
a. unskilled workers
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Wayne Company wishes to allocate overhead costs in a heavily automated production department. Direct labor hours would be a less appropriate cost driver than machine hours.
Answer the following statement true (T) or false (F)
If a bond is selling for its face value, which of the following statements is TRUE?
A) The coupon rate and the yield to maturity are the same. B) The par value is less than the face value. C) This is only possible if this is a zero coupon bond. D) All of the statements above are true.
A minor is someone who:
a. does not earn any taxable income b. is over the legal age of majority c. is old enough to drive d. is old enough to vote e. none of the other choices are correct
When Blendtek Co. performs $980 of services on account for a customer, Blendtek will record a journal entry with a debit to:
A. Service Revenue and a credit to Deferred Revenue. B. Accounts Receivable and a credit to Service Revenue. C. Cash and a credit to Accounts Receivable. D. Cash and a credit to Accounts Payable.