When you make a purchase at a retail store by giving your bank an instruction to transfer funds directly from your bank account to the store's bank account, you have most likely made the purchase using
A. credit.
B. a loan.
C. cash.
D. a debit card.
Answer: D
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Refer to Table 16-3. If Julie charges $10 per hour, how many hours of pet sitting services will be purchased and by whom?
A) 3 hours (1 hour each by Arun, Bernice, and Cara) B) 2 hours (1 hour by Cara and 1 hour by Dawn) C) 1 hour by Cara only D) 1 hour by Dawn only
"The balance of payments is seldom in balance in practice." Discuss
What will be an ideal response?
Economic freedom is
A) the right to vote in an election for a political leader. B) the right to own private property and to exchange goods with minimal government interference. C) the amount of control that the government has in a market. D) present as long as private individuals own businesses.
Imperfect competition results in inefficiency but greater equity than pure competition.
Answer the following statement true (T) or false (F)