The income effect explains why there is an inverse relationship between the price of a product and the quantity of the product demanded.

a. True

b. False

In the late 1990s, car leasing was very popular in the United States. A customer would lease a car from the manufacturer for a set term, usually two years, and then have the option of keeping the car.

A company purchased a tract of land on which it expects to build a production plant in approximately five years. During the five years before construction, the land will be idle. In what classification should the land be reported?

The least expensive type of life insurance is

Toby works in an office where employees scan a large number of documents everyday. His manager has asked him to purchase a new scanner for the office.

Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good: a) sellers of the good will increase the supply of the good at the same price.

has sales of $15 million, total assets of $9 million, and total debt of $3.7 million. If the profit margin is 7 percent what is net income? What is ROE? What is ROA?

The overall variability of a firm's returns depends on the expected return of each individual project, percentage of funds invested in each individual project, and correlation coefficient of returns between the investments.

Luca writes a daily blog about why people should eat healthy foods and ways to eat healthfully. What are the purposes of his blog? to entertain and advertise to advertise and inform to argue and inform to argue and entertain

Billy accepted a job at a company that specializes in providing money for short-term retail lending. where did he go to work?

If using a thermometer that cannot be calibrated by cold or boiling methods, food handlers should check with whom to make sure the thermometer are calibrated correctly?