5. The law of demand maintains that buyers will purchase (demand) more of a product as its price

A. Drops

B. Rises

C. Fits a persons personal planning budget

D. Tends to stay the same

Union Apparel has sales including sales taxes for the month of $552,000. If the sales tax rate is 6%, what are Union Apparel's sales for the month? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

Refers to the basic economic problem, the gap between limited resources and unlimited wants. A) Economics B) Opportunity costs C) Scarcity D) Shortage

Leslie's Company applies manufacturing overhead based on the labor hours. Total labor hours are 800, and total manufacturing overhead cost is $8,000 for this month.

A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of four years. The company uses straight-line depreciation.

If the Parliament passes legislation to raise taxes to control demand-pull inflation, then this would be an example of a (n) : 
A. Political business cycle
B. Expansionary fiscal policy
C. Contractionary fiscal policy
D.

If products A and B are complements and the price of B decreases, the A. demand curves for both A and B will shift to the left. B. amount of B purchased will increase, but the demand curve for A will not shift. C.

Fran has a job involved with controlling the flow of oil through a series of pipelines at the refinery. As a part of his work, he needs to interpret diagrams, levels, and readings from gauges.

Choose the appropriate stage of the venture life cycle in which the following activities would occur. Transition from one-person leadership to team management leadership New-product development Search for capital Increased competition Venture

According to the International Monetary Fund, a perennial challenge facing all of the world's countries, regardless of their level of economic development, is achieving financial stability, economic growth, and higher living standards.

Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 155,000 shares of stock outstanding.