An advantage of capitalism is that

a. it allows the market to self-regulate and clear itself

b. it allows a person to follow his or her own self interest

c. it allows voluntary transactions, which create wealth

d. all of the above 11. the

If the price level decreases, A. The money demand curve shifts to the left B. There is a movement down along a stationary money demand curve C. The money demand curve shifts to the right.

When the economy is in a recession, the government can use expansionary fiscal policy to stimulate and encourage economic growth.

Which of these is NOT one of the five ethical principles the GAO's Yellow Book stresses? a. The public interest. b. Professional behavior. c. The proper use of government information, resources, and position. d.

You have recently started your business with a small capital investment. Your business needs a very high degree of flexibility so that you can quickly respond to environmental changes and you are also interested in minimizing costs.

When the average cost curve lies above the entrant's residual demand curve, an entrant: Multiple Choice is indifferent between entering and not entering the market. cannot profitably enter the market. can profitably enter the market.

Steve is a fan of the los angeles lakers basketball team. with little provocation, he will engage you in a debate about whether it is the greatest team in basketball. what may steve be demonstrating

Sally and Alicia are equal general partners In a business. They are content with their current management and tax situation but are uncomfortable with their unlimited liability.

The philosophical leaders of the quality movement, Philip Crosby, W. Edwards Deming, and Joseph M. Juran, had the same general message about what it took to achieve outstanding quality. Which of the following was not part of that message? A.

Joe Keho and Mike McLain share income on a 6:4 basis. They have capital balances of $90,000 and $70,000, respectively, when Linda Ronstadt is admitted to the partnership.

Suppose an initial investment of $100 will return $50/year for three years (assume the $50 is received each year at the end of the year). Is this a profitable investment if the discount rate is 20%