Although Michael knew he couldn't really afford the Mercedes, he wanted it anyway. The want-satisfying power of a good is called ________.
A. exchange
B. utility
C. value
D. necessity
E. strategy
Answer: B
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Car performance standards are regulated by the EPA.
Answer the following statement true (T) or false (F)
An employee's earnings for a payroll period can be based on
a. the time worked; b. units of output; c. sales; d. any of these; e. only A or C
Verbal, graphical, and mathematical models depict the same phenomenon or theoretical framework in different ways
Indicate whether the statement is true or false
If comparative balance sheets indicate no notes receivable on the preceding year and a $48,000 note receivable on the current year, the increase of $48,000
A) can be stated as 0% B) can be stated as 100% increase C) cannot be stated as a percentage D) can be stated as 500% increase