Money is used as a medium of exchange to purchase goods. true or false

Example of demand in economics.

Further research by the car wax manufacturer indicated that the proposed product would yield a 10 percent return on the firm's investment. The car wax manufacturer required a minimum of a 15 percent return to further consider the product.

If it contained oil which layer would most likely produce an oil seep on the surface

As a consequence of the problem of scarcity: a. There is never enough of anything b. Individuals have to make choices from among alternatives c. Only some people can "have it all" d. Things which are plentiful have relatively high prices

To have long-term economic growth, the production function suggests: (A) keeping interest rates high to encourage saving. (B) redistributing income from the wealthy to the poor. (C) increasing the availability of technology, capital, and labor.

Dumping is most closely associated with which marketing mix element

Dividends paid is equal to A. cash provided by operations less capital expenditures. B. Free cash flow less cash provided by operations and capital expenditures. C. cash provided by investing activities less capital expenditures. D.

In Lima one worker can produce either 33 bushels of corn of 6 pounds of tomatoes in one day. In Puma one worker can produce either 103 bushels of corn or 14 pounds of tomatoes in one day.

An entrepreneur is a person who owes money to a bank or other financial institution

Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, and $1 million, respectively. There are four firms in industry B with equal sales of $2.