Depreciation is:
a. income earned but not received
b. an allowance for the replacement of capital.
c. income received but not earned.
d. an indirect business tax.
b
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High money prices for scarce goods
A) are one among many possible causes of their scarcity. B) are the basic cause of their scarcity. C) are the effect of their scarcity. D) have nothing to do with their scarcity, because almost all goods are scarce.
What is the idea of fairness based on fair rules?
What will be an ideal response?
What matters most to importers and exporters is the nominal exchange rate
Indicate whether the statement is true or false
Which of the following is a deficit item on the U.S. balance of payments accounts?
A) A U.S. firm sells a product to a Mexican firm. B) An Italian tourist in Miami purchases a beach ball. C) A Spaniard buys 100 shares of Ford stock. D) A U.S. resident buys gold from the Japanese central bank.