In a pure market economy, the government controls most actions.

A.

True

False

To have demand, what must you have a) a desire for the item. b) the ability to pay for the item. c) the desire and the ability to pay for the item. d) a basic need and a constant supply of the item.

Cost-volume-profit analysis is based on necessary assumptions. Which of the following is not one of these assumptions? Select one: a. Costs can be classified as variable or fixed. b.

You win your state lottery. The lottery officials offer you the following options: you can accept annual payments of $50,000 for 20 years or receive an upfront payment of $700,000. Ignoring issues like mortality tables, taxes, etc.

Limon, an agent for mindwonder games llc, executes an unauthorized contract with now marketing, inc. the deal is highly advantageous to mindwonder, and the company ratifies the contract. the contract is

Jim and Sally are not married. They lived together all year. Sally had $5,000 in earned income during 2019. Jim earned $30,000 in wages. Jim and Sally have two children. Tyler is 10 years old, and Jamie is 8.

Suppose that while melissa was on the coast, she also spent two days sightseeing the national parks in the area.

On a large construction project, the price of dry wall is $.40 per square foot and spraying the dry wall with textured plaster is $.45 per square yard. how much must the builder pay for sprayed dry wall that is 100 square yards?

Which statement describes the equity‑efficiency trade‑off? There is always a more equitable outcome that is also more efficient. Government intervention can increase efficiency in a market. The least efficient economic outcome is the fairest outcome.

You would like to buy shares of Nokia (NOK). The current bid and ask quotes are $20.13 and $20.15, respectively. You place a market buy-order for 300 shares that executes at these quoted prices. How much money did it cost to buy these shares?

Should the law allow someone that becomes voluntarily incapacitated through intoxication or other means escape from a contractual obligation using incapacity as a defense?