Suppose that real GDP equals $10 trillion, nominal GDP equals $20 trillion, and the aggregate price level equals 2.

If the velocity of money is 2, the money supply is:

a) $20 trillion. b) $10 trillion. c) $5 trillion. d) $40 trillion.

For a new small business, it's usually good to have what kind of scope? A.) A large scope with a variety of unrelated products and services B.) A large scope that appeals to as many target markets as possible C.

All firms in an industry are price takers: Select one: a. each firm can sell at the price it wants to charge, provided it is not too different from the prices other firms are charging. b.

Lemu Co. and Young Co. are under the common management of Ego Co. Ego can significantly influence the operating results of both Lemu and Young.

The marginal product of labor in the production of computer chips is 3030 chips per hour. The marginal rate of technical substitution (MRTS ) of hours of labor for hours of machine capital is 0.200.20. What is the marginal product of capital?

How do bulleted and numbered lists improve readability

All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. The adjusting entry for deferred revenues increases assets and increases revenues.

Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process.

Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value? Choose one answer. a. pawnbroker b. credit card c. ATM d. payday loan

Check My Work (1 remaining) Motor Sports, Inc., sues A-Z Speed. Motor Sports alleges that A-Z breached (failed to perform) a contract that required A-Z to sell ten Jet Skis to Motor Sports.

CableVision has been approached by the City of Mirada to run its cable operations in 2020. After negotiating with key parties, CableVision has made the following agreements:It will offer Mirada residents a basic set of 25 cable television stations