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SECTION B: CIRCLE THE CORRECT ANSWERS 7. Interest earn on another interest is called? a....
Interest earn on another interest is called? a. Simple interest b. Multiple interests c. Compound interest d. All of the above The lump sum of future value of money to be received today is termed a. Future value b. Present value c. Compound value d. Simple value Sarah’s boyfriend requested that they should go out to the movies, but she had a mid-semester test...
Scenario: Pixem Satellite Photos Russia Pixem Satellite Photos Russia, a specialized photography products firm, is planning to internationize via expansion into Russia as its key foreign market. Given that Russia has undergone significant economic transformation for several years, Pixem executives feel confident that this market offers them great potential growth. Russia's transition was from Select one a. a mixed economy to a centraly planned economy b. a centrally planned economy to a free-market economy c. a capitalist economy to a...
Every year, the Gallup poll asks a sample of people in the United States whether they believe foreign trade provides "an opportunity for economic growth through increased U.S. exports," or whether they believe foreign trade represents "a threat to the economy from foreign imports." The table shows the responses for two years. View of foreign trade Year Favorable to foreign trade Unfavorable to foreign trade State of the U.S. economy 2008 41% 52% Deep economic recession 2017 72% 23% Economic...
TLM 6. Work It Out. Tina is the sole owner of Tina's Lawn Mowing, Incorporated (TLM). In one year, TLM collects $1,000,000 from customers to mow their lawns. TLM's equipment depreciates in value by $125,000. TLM pays $600,000 to its workers, who pay $140,000 in taxes on this income. TLM pays $50,000 in corporate income taxes and pays Tina a dividend of $150,000. Tina pays taxes of $60,000 on this dividend income. TLM retains $75,000 of earnings in the business...
d. Implementation of a lowered speed limit ory a specific section of road QUESTION 8 Which of the following best describes the term "health status"? O a. Personal Perspective of overall wellness O b. Environmental information regarding health outcomes O c. A set of goals for a community in regard to health O d. Data based information on health of an individual or population QUESTION 9 Which of the following terms best describes "a statistical concept referring to disease that...
1. Macroeconomies approaches the study of economics from the viewpoint of A) the entire economy B) governmental units. C) the operation of specific product and resource markets D) individual firms 2. Microeconomics is concerned with: the aggregate or total levels of income, employment, and output B) a detailed examination of individual economic units that make up the economic positive economics, but not normative economics. C) system. D) the establishin g of an overall view of the operation of the economic...
[1] Household statistics include individuals living alone or in groups in: A) apartments. B) military barracks. C) college residence halls. D) all of the above. [2] Personal income is: A) per capita income, or income per person. B) household income used for spending, saving, and paying taxes. C) after-tax income available to households for spending and saving. D) household income that is available for spending after taxes and saving have been deducted. [3] Which of the following is NOT considered...
Practice exercises 1. (1 point) Which one of the following statements best describes economics: Economics studies how individuals, institutions, and society a. use unlimited resources to satisfy unlimited wants. b. use scarce resources to satisfy scarce wants. c. use limited resources to satisfy limited wants. d. make choices in the face of scarce resources that have alternative uses. 2. (1 point) Fill in the blank -deals with firms and individuals, while focuses on highly aggregated markets for the entire economy....
PROBLEM SET H3 (S-F-19 Name: Date: Total: 100 POINTS (4 points each) 1) The opportunity cost of something is A) the cost of the labor used to produce it. B) what you sacrifice to get it. price charged for it D) the search cost required to find it 2) The principle of opportunity cost A) is more relevant for firms than for individuals. B) only refers to monetary payments. C) is only relevant in economics. D) is applicable to all...
Question 1 For each of the following sub-questions, select the best answer. Each correct answer is worth two marks. 1. Neither Chile nor Peru has a mass-market café culture, but this fact has not stopped Starbucks from trying to determine what can be done to make its coffee houses successful in those markets. By recognizing that people in these two South American countries do not drink coffee as people in the United States do and that it needs to change...