The deadweight loss from a tax of $2 per unit will be smallest in a market with a. elastic supply and elastic demand. b. inelastic supply and inelastic demand. c. elastic supply and inelastic demand. d. inelastic supply and elastic demand.

This step of the general plan, sometimes known as the master plan, should encompass all aspects of the projected growth, including the social, economic, and physical features.

Important elements of an internal control system for cash disbursements include each of the following except: a. Only authorized personnel should sign checks. b. All expenditures should be authorized before a check is prepared. c.

The advantage of being self-employed (rather than being an employee) is: A. The overall limitation (50%) on meals does not apply. B. Job-related expenses are deductions for AGI. C. The self-employment tax is lower than the Social Security tax. D.

What is the fundamental goal of a business

An asset has a cost of $50,000 with a residual value of $10,000. it has a life of 5 years and was purchased on january 1. its fourth full year of depreciation expense under double-declining-balance will be

One day a supplier supplied 300 units of a good at $20 per unit. A week later the same supplier supplied the same number of units at $10 per unit. Based on this evidence the supplier has experienced: a a decrease in quantity supplied.

The aims of mercantilists do not include a. achieving power and wealth for the state. b. achieving political and economic unity

In Japan, it's called kuroi kiri (black mist), in Germany, it's schmiergeld (grease money), Mexicans refer to la mordida (the bite), the French say pot-de-vin (jug of wine), and Italians speak of the bustarella (little envelope).

Businesses that engage in ultrahazardous activities are strictly liable for any injuries. a. True b. False

Increasing the amount of credit that is available within an economy is done through? Expansionary monetary policy or contractionary?