Liquidity refers to:
A. A company’s cash availability
B. A company’s amount of financial leverage
C. A company’s ability to meet its debt obligations
D. A company’s ability to generate sales from use of its assets
E. A company’s operating cycle
Ans: E. A company’s operating cycle
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Unemployment in the United States varies considerably over time.
Answer the following statement true (T) or false (F)
Suppose that the U.S. population is 275 million. Also assume that the labor force is 135 million and that 130 million people are employed. Calculate the unemployment rate
What will be an ideal response?
Collusion occurs when
a. a firm chooses a level of output to maximize its own profit b. firms get together to maximize joint profits c. firms refuse to follow their price leaders d. firms petition their U.S. senators for favors e. two firms' price and output decisions come into conflict
An automobile factory in Michigan uses $100,000 worth of parts purchased from foreign countries along with U.S. inputs to produce 30 cars worth $20,000 each. Twenty of these cars are sold and 10 are left in inventory. How much did these actions add to GDP?
a. $300,000 b. $500,000 c. $600,000 d. $700,000