Which of the following could be responsible for a decrease in the price of wheat?
a. an increase in the supply of wheat
b. an increase in the demand for wheat
c. a decrease in the demand for wheat
d. Either a. or c. could decrease the rice of wheat.
d
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If cheese spreads and butter are substitutes, an increase in the price of butter will:
a. shift the demand curve for cheese spreads upward. b. shift the demand curve for cheese spreads downward. c. shift the demand curve for butter upwards. d. shift the demand curve for butter downward.
A sign that Country A is under pressure to devalue its currency is its:
a. Overall balance is in surplus. b. Financialaccount is in deficit. c. Overall balance is in deficit. d. Reserves account is in deficit (i.e., negative). e. All of the above.
The difference between assets and liabilities is
A. a balance sheet. B. net worth. C. legal reserves. D. a sweep account.
Which of the following is not an advantage of starting a new business as a sole proprietorship?
A) separation of ownership and business liability B) limited control over the operation of the business C) the initial cost in setting up the business D) possibility of double taxation