What are liabilities?
A) anything of value owned by a person or a business
B) anything a person or a business owes to entities outside the business
C) the total cost of labor for a firm
D) only those unpaid expenses for which a business or person is making interest payments
Answer: B
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In real business cycle models and new classical models
a. monetary factors are responsible for fluctuations in output and employment. b. changes in unemployment are involuntary. c. markets always clear. d. prices and wages are perfectly flexible. e. none of the above.
According to Kathryn Edin and Laura Lein, virtually all poor single mothers supplemented their income with money from _______________________.
Fill in the blank(s) with the appropriate word(s).
Money evolved out of the self-interested actions of
A) economists. B) governments. C) a few kings and queens. D) individuals.
According to David Galenson, individuals do their most creative work during their_______
A) teens, 20s, and 30s, B) 20s, 30s, and 40s C) 40s, 50s, and 60s D) 30s, 40s, and 50s E) teens, 30s, and 60s