The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This situation is an example of the

A) income effect

B) law of supply

C) substitution effect

What is balance of payment

Employees are a vital part of the success of a service based business, particularly because they are normally present and interact with the customer considerably while the service is being provided.

The equilibrium interest rate should a. fall when the aggregate demand for funds exceeds the aggregate supply of funds. b. rise when the aggregate demand for funds equals the aggregate supply of funds. c.

How many members are on the Federal Reserve board of governors?

On March 1, it was discovered that the following errors took place in journalizing and posting transactions: a. The receipt of $8,400 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned. b.

One of the advantages of personal selling over other types of marketing communications is: a. salespeople can customize their message for a specific buyer. b. it almost always costs less than other marketing communication alternatives. c.

The difference between the maximum price a consumer is willing to pay for a product and the actual price the consumer pays is called

Find the duration of a 7.6% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity of 6.0%. What is the duration if the yield to maturity is 12.0%? Note: The face value of the bond is $100

Vaughn Corporation acquires a coal mine at a cost of $460,000. Intangible development costs total $115,000.

Sara wants to start her own business. She is not sure if she wants to be a sole proprietor or get a partner. She asks a financial adviser about the different ways in which she might finance her company.