Economics can be defined as the study of?

b. how society spends the income of individuals.

a. for whom resources are allocated to increase efficiency

d. none of the choices are correct. how scarce resources are allocated.

An increase in taxes of a specific amount will have a smaller impact on the equilibrium gdp than will a decline in government spending of the same amount because:

Which of the following statements is TRUE? A. All secondary markets are dealer markets. B. All secondary markets are broker markets. C. All stock trades between existing shareholders are secondary market transactions. D.

Marla's Pet Services may need to purchase a new industrial exercise machine for pets. The managerial accountant reported that the initial cost of the new asset is $200,000. The residual value is $35,000, and the useful life is 5 years.

A firm uses a weighted-average process costing system. Direct materials and conversion costs are incurred evenly during the production process.

Five years ago, david was three times as old as julia was. in 2 years, david will be twice as old as julia will be. how old is david now?

At the end of the year, Dahir Incorporated's balance of Allowance for Uncollectible Accounts is $2,700 (debit) before adjustment. The company estimates future uncollectible accounts to be $13,500.

Which best explains why large companies pay less for goods from wholesalers?

The marketing manager of ToyBiz indicated that due to manufacturing efficiencies and market buzz, a new toy they were about to launch was likely to generate revenue beyond original projections.

Astronauts can use 3D and molecular printers for shelter construction and food preparation on site instead of having to carry the materials to mission sites, thus A.

arter Company sells merchandise on account for $4,000 to Hannah Company with credit terms of 2/10, n/30. Hannah Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period.