The most important determinant of consumption and saving is the

a. level of income.

b. price level.

c. interest rate.

d. level of bank credit.

Which one of the following businesses would be the most difficult to get funding for

The Toso Company uses the retail inventory method. The following information is available for the year ended December 31, 2018: Cost Retail Inventory 1/1/2018 $ 390,000 $ 650,000 Net purchases for the year 1,402,000 1,835,000 Net markups 75,000 Net

Firms that strive for mindshare think not about the speed of an individual products development and launch, but rather about creating a dominant position in the mind of the customer. a. True. b. False.

The purchasing agent of the Poplin, Inc. ordered materials of lower quality in an effort to economize on price.

Imagine that a high school junior sold her old car at the end of the summer and now has the funds from the sale in her bank.

An A&E firm planning for a future expansion deposited $44,000 each year for 5 years into a sinking (investment) fund that was to pay an unknown rate of return.

A billionaire offers to give you $5 billion if you will count out the amount in $1 bills or a lump sum of $5000.

Gabrielle is the chief marketing officer of Boyd Pharmaceuticals. She is meeting with Trent, the chief financial officer to decide on the company's marketing communications budget.

For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes more elastic because firms may need to invest in additional capital in order to increase production further. True or False?

Economics A. assumes irrationality if people are paid enough. B. assumes individuals are rational and respond to different incentives. C. assumes government involvement in the economy is always beneficial. D.