When does a surplus exist?

What is the global marketplace? A. A company located in Chicago that sells products to a company in New York B. A company that sells products one can use while traveling globally C.

Which of the following occurs when the original offer is not accepted and a new offer is returned in place of the original offer? Replacement offer Acceptance Counter offer Consideration

You are asked to spend a week or so as the Fed chairman. It turns out to be a very interesting week. If your goal is to stabilize inflation and economic activity, what would be your response to these three events?

Why is the Coase theorem often inapplicable to real world situations? A) Trades in externalities are impossible B) Bargaining outcomes are usually inefficient C) The government usually intervenes D) Transaction costs are rarely low

The Supreme Court reviews only about one percent of the cases submitted by petitioners for review. True False

Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.

Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.

An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.

Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines.

Use the following example to answer the following questions: Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the bank.