How do i explain what the stock market is in simple terms?

Which of the following is not a shortcoming of GDP as a measure of well-being? A. GDP is not adjusted for crime and other social problems. B. GDP does not include the value of leisure. C.

A minimum wage below $10 per hour is not a binding minimum wage in this market. (Economists call a minimum wage that prevents the labor market from reaching equilibrium a binding minimum wage.) a. True b. False

Bucher credit bank is offering 6.9 percent compounded daily on its savings accounts. assume that you deposit $6,600 today.

Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000.

In an eight-hour day, Andy can produce either 24 loaves of bread or 8 pounds of butter. In an eight-hour day, John can produce either 8 loaves of bread or 8 pounds of butter. The opportunity cost of producing 1 pound of butter is a.

Sprinkle Co. sells its product for $20 per unit. During 2013, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labor $3, and variable overhead $1.

What is it called when representatives are sent to negotiate with employers?

Pack, Inc. applies manufacturing overhead on the basis of machine hours. The following estimates were used for the current year: Estimated Machine Hours 200,000 Estimated Manufacturing Overhead $1,000,000 Actual machine hours were 202,000 and actual

The management of Furrow Corporation is considering dropping product L07E. Data from the company's budget for the upcoming year appear below:Sales $950,000Variable expenses $380,000Fixed manufacturing expenses $362,000Fixed selling and

All else equal, a dollar received sooner is worth more than a dollar received at some later date, because the sooner the dollar is received the more quickly it can be invested to earn a positive return. True False