Which of the follwoing is one of the highest costs of doing busniess in china?

An economics student makes the following statement: "It's easy to understand why the aggregate demand curve is downward sloping: When the price level increases, consumers substitute into less expensive products, thereby decreasing total spending in

Which of the following is not an example of scarcity?

Your revenue is $12,222 for the month and your gross margin was 70%. Your operating expenses were $6,250. What was your profit?

Gains are: Multiple Choice Inflows from selling a product or service to a customer. Increases in equity from peripheral transactions of an entity.

Speculators: A. serve no important economic function, except buying low and selling high. B. move resources from periods of low-value use to periods of high-value use. C. are a key source of inflation. D.

The basic problem with the average-cost approach is that it: A. does not consider cost variations at different levels of output. B. does not consider historical values. C. does not add a reasonable markup to the average cost of a product. D.

The law of supply and demand asserts that

Identify which of the following statements is true. A) Tax planning is an integral part of both closed-fact situations and open-fact situations.

Jane contracts Tom, a home developer, to build her a new house. In the contract it states that all necessary parts of the home must be complete before the contract is to be considered finished.

How do property rights benefit entrepreneurs? by enabling them to purchase capital and use it as they see fit by allowing them to use their employees' property by facilitating the use of public property for private businesses by freeing unused