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Mckinney
BusinessBusiness
The basic concern of economics is:

A. to keep business firms from losing money.

B. to prove that capitalism is better than socialism.

C. to study the choices people make.

D. to use unlimited resources to produce goods and services to satisfy limited wants.

E. to increase the amount of wealth in the economy.
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Anthony Johns
BusinessBusiness
What has happened to income inequality in the United States in recent years?
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Serrano
BusinessBusiness
2.

The stud of economics is basically about what two things?
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Sage Parker
BusinessBusiness
Caroline lives in City A and earns $40,000 per year. The cost of living index in City A is 80. She is considering a move to City B which has a cost of living index of 90. How large a salary will she require in City B to maintain her current standard of living
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Avah Holloway
BusinessBusiness
Rossiter restaurants is analyzing a project that requires 180,000 of fixed assets. when the period ends, those assets are expected to have an after tax salvage value of 45,000, how is the 45,000 salvage value handled when computing the net present value of the project?

a) reduction in the cash outflow at time zero

b) cash inflow in the final year of the project

c) cash inflow for the year following the final year of the project

d) cash inflow prorated over the life of the project

e) not included in the net present value
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Jaidyn
BusinessBusiness
Define the word proft in business
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Leslie Lara
BusinessBusiness
The most important agreement which codifies human rights is the:

A. The Universal Declaration of Human Rights.

B. The U. S. Declaration of Independence.

C. The Versailles Treaty.

D. The American Civil Liberties Act.
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Guest
BusinessBusiness
Backflushing takes place:A. when inventory records need updating. when customer orders are being reconciled. B. when previous periods' planned releases are converted to scheduled receipts. C. after production has been completed. D. after some bills of material have been found to be inaccurate.
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Nakita
BusinessBusiness
Alpha Technology produces two products: a high end laptop under the label Excellent Laptops and an inexpensive desktop under the label Outstanding Computers. The two products use two overhead activities, with the following costs: Setting up equipment $3,000 Machining $15,000 The controller has collected the expected annual prime costs for each product, the machine hours, the 」setup hours, and the expected production. Excellent Laptops Outstanding Computers Direct Labor Direct Materials Expected Production in Units Machine Hours Setup Hours Calculate the overhead cost per unit for each of Outstanding Computer's computer using overhead $25,000 $20,000 3,000 850 80 $10,000 $5,000 3,000 2,000 75 rates based on machine hours and setup hours. (Note: Round answer to two decimal places.) a.$3.99 per unit b.$5.75 per unit c.$4.88 per unit d.$6.10 per unit
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Dominique Ritter
BusinessBusiness
GoGo Gas and Fab Fuel are among the few large producers of gasoline in the country. Along with other large producers, they have formed a formal organization to control the output and price of gasoline in that country. What is such an organization called?
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Litzy Bird
BusinessBusiness
Suppose that when income rises, the demand curve for doctor's visits shifts to the right. in this case, we know doctor's visits are

a. durable goods.

b. perfectly competitive goods.

c. inferior goods.

d. normal goods.
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Pierce Lawrence
BusinessBusiness
Suppose that candy producers create a positive externality equal to $1 per pound of candy. Further suppose that the government offers a $1-per-pound subsidy to the producers. What is the relationship between the equilibrium quantity and the socially optimal quantity of candy?

a. The equilibrium quantity is greater than the socially optimal quantity. b. The equilibrium quantity is less than the socially optimal quantity. c. They are equal. d. There is not enough information to answer the question.
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Evans
BusinessBusiness
Mary recently purchased a boutique. When she bought the boutique, its market value and book value were equal. Included in the purchase were the building, fixtures, and inventory. Which of the following might have caused the market value of this boutique to be less than its book value?

Multiple Choice

A sudden and unexpected increase in inflation

The replacement of old inventory items with more desirable products

A sudden and unexpected Increase in Inflation

The replacement of old Inventory items with more desirable products Improvements to the surrounding area by other store owners Construction of a new restricted access highway located between the boutique and the surrounding residential areas

Addition of a stop light at the main entrance to the boutique's parking lot
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Marge
BusinessBusiness
Dioxin emission that results from the production of paper is a good example of a negative externality because:

a. self-interested paper firms are generally unaware of environmental regulations. b. there are fines for producing too much dioxin. c. self-interested paper producers will not consider the full cost of the dioxin pollution they create. d. toxic emissions are the best example of an externality.
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Kathy Ho
BusinessBusiness
The main difference between the three forms of market efficiency is that

a. the definition of efficiency differs.

b. the definition of excess return differs.

c. the definition of prices differs.

d. the definition of information differs.

e. they were discovered by different people.
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