In a market economy, what provides potential investors with reliable information about the financial performance of a firm?
A. contracts
B. insurance
C. patents
D. accounting rules
Answer: D
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The supply curve shows
A. the same basic information as the demand curve. B. who will have an opportunity to produce or purchase an item. C. the quantity produced as a function of the price. D. plots of what quantities have been sold over the past few weeks or months.
If Mr. McConaughey has 7 hours to spend with friends and family and breaking a sweat, he will maximize his utility if he spends
A) 2 hours with family and friends and 5 hours breaking a sweat. B) 5 hours with family and friends and 5 hours breaking a sweat. C) 4 hours with family and friends and 3 hours breaking a sweat. D) 3 hours with family and friends and 4 hours breaking a sweat.
If a sandwich shop near campus increases its prices by 5 percent, but revenues from its sales are unchanged, the price elasticity of demand for the services offered by the sandwich shop must be
a. elastic. b. of unitary elasticity. c. inelastic. d. equal to 0.5.
State and local governments receive money from sales taxes, property taxes, and the federal government.
Answer the following statement true (T) or false (F)