7. One of the benefits of competition in an economy is that

competition

A. always results in higher wages.

B. results in economic security.

C. creates better and more services.

D. results in higher prices.

Field Farms and Gourmet Restaurant enter into a contract for a sale of produce. After Field Farms ships the lettuce but before the restaurant receives it, the buyer declares bankruptcy. The seller can stop delivery of the goods in transit: a.

Total asset cost plus depreciation expense equals book value

When was Clash Royale originally released?23uesjsk

You explain to your roommate Surya, who makes beaded headbands, about an economic theory which asserts that consumers will purchase more of a product at lower prices than they will at higher prices.

Assets Liabilities and Owner's Equity Cash $ 15,000 Accounts Payable $ 4,750 Equipment $ 6,000 Owner's Equity: Investment $ 16,250 Total Assets $ 21,000 Total Liabilities and Owner's Equity $ 21,000 a. From cash purchase equipment for $1,000 b.

True or False: When a country is too small to affect the world price, allowing free trade will have a non-negative effect on total surplus in that country, regardless of whether it imports or exports as a result of international trade. True False

Assume Canada can either produce three bushels of barley or six bushels of hay in a set period of time, and China can produce either two bushels of barley or three bushels of hay in a set period of time.

The financial statements for Harold Corporation contained the following information: Accounts receivable $ 5,000 Sales revenue 75,000 Cash 15,000 Salaries and wages expense 20,000 Rent expense 10,000 How much was Harold's net income?

Nastasha has a gross income of $66,429. she can make adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions to her retirement plan. what is nastasha's adjusted gross income? a. $109,971 b. $22,887 c.

Debra notes that theo chocolate has started holding its own operations to the same imo standards of fair trade to which it holds its suppliers. this type of sends a powerful message to employees and customers.