When there is excess supply of a market product in a market what will happen?

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response?

An externality is an event which a. is external to economics. b. always brings harm to someone in the economy. c. is incidental to some market activity. d. harms the economy as a whole rather than a particular person.

Of what importance are definitions of such basic term as assets, liabilities, revenues, and expenses in a conceptual framework or metatheory?

Marshall owns and operates a construction firm. He uses inexpensive and low-grade building products and accepts inferior carpentry work from his subcontractors.

For most people, the most effective way to save is: A,) Transfer money from a checking account into a saving account B.) Use a budget to determine how much you can save, then transfer that amount into a savings account C.

John invested $12,000 in the stock of Hyper Cyber. Eight years later, Hyper Cyber's shares reached $125,000, but John held onto the shares in the belief that their price would double in the next five years. Unfortunately, Hyper Cyber did not double.

Describe key services that the financial system provides to savers. A. Economies of scale of information B. Liquidity C. Risk sharing D. All of the above

Brooks Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101.

Lion Company's direct labor costs for the month of January were as follows: Actual total direct labor-hours 20,000 Standard total direct labor-hours 21,000 Direct labor rate variance-unfavorable $3,000 Total direct labor cost $126,000 What was

The priority of the product in agile is more significant than in traditional project management, as the outcome, or product, will drive the elaboration of the project. True / False.