In economics, a free market is best described as

A. a street where festivals take place.

B. avoluntary exchange of goods and services.

C. a place where a person buys groceries for free.

D. a government-controlled barter system.

If a recession caused millions of people to lose their jobs and millions more to fear unemployment, which of the following will happen?

A construction management company is examining its cash flow requirements for the next 7 years. The company expects to replace software and infield computing equipment at various times over a 7-year planning period.

Proper planning ensures a healthy balance between economic growth and environmental sustainability of a nation economically and environmentally." Agree or disagree with the statement with relevant exam. ples

g On July 1 the Swifty Corporation paid $18240 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the full amount.

The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products shipped to customers had total production costs of $375,000.

In the United States, you can own anything you want and decide what you want to do with it, as long as it does not violate the law. This describes the principle of

High value-added per employee is associated with: a. capital intensive industries. b. labor intensive industries. c. the shoe industry in 1860. d. the use of unskilled labor.

How were the earliest benefits of the industrial revolution distributed between Factory owners and workers?

Ben and Sam Jenkins formed a partnership. Ben contributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. The truck's fair value was $16,000. Sam, a builder, contributed a new storage garage.

Select all that apply. A primary incentive for entrepreneurs is 1: Profit 2: A skill and happy workforce 3: Notoriety 4: Seeing an idea come into being 5: Paying taxes