CRITICAL THINKING 7. Making Inferences How do you think politicians might use normative economics statements? 8. Applying Economic Concepts In which category does each item below belong -microeconomics or macroeconomics? Why? a. Studying statistics to see how well the economy is doing at creating jobs or increasing exports; b. Studying statistics on gasoline sales and hotel bookings to explore the impact of higher gas prices on vacation plans. 9. Distinguishing Fact from Opinion Consider the example of the state lottery to raise money for education. How might it be possible for two economists to see the same information and arrive at different opinions about what to do? 10. Challenge When you go out shopping do you often worry that there will be a shortage of something you really want? If so,explain why you think there might be a shortage . If not, explain why there seems to be enough of everything you would want to buy.

Carlos can't claim the Standard Deduction and itemized deductions at the same time.He needs to make a choice. Which type of deduction should Carlos claim? Select a response. Standard Deduction for $\$ 15,000$ Itemized Deductions for $\$ 917.$

There is asymmetric information in the used-car market because $\square $ $\square $ cannot distinguish between lemons and plums buyers

Which part of the change management process asks how the project will align with the organization's current mission and strategy? Plan for the change Scope of the change Purpose of the change Change implementation

Find the accumulated present value of an investment over a 8-year period if there is a continuous money flow of $\$ 8,000$ per year and the interest rate is $1.4\% $ compounded continuously. $\$ \square $ Round your answer to the nearest cent

1. STOCK MARKET (Topics 6.5-6.7) Bond price vs. interest rates Treasury bonds Junk bonds Bull market Diversification

Since short-term interest rates have historically averaged less than long -term rates, the heavy use of short-term debt is a conservative working capital financing strategy. True False

Which of the following is not an example of noncash financing and investing? Multiple Choice Purchase of equipment by issuing a note payable. Conversion of preferred stock to common stock. Purchase of a building by issuing equity stock. Purchase of inventory using cash. Retirement of debt by issuing equity stock.

In the context of establishing business environmental responsibilities during the 1970s in the United States, match the opportunities with the items. (i) Instructions \begin{array}{|c|c|} \hline As\ consumers\ &\ Support\ environmental\ legislation\ \\ \hline As\ citizens\ &\ \\ \hline Demand\ Environmentally\ friendly\ products\ in\ the\ marketplace\ &\ \\ \hline \end{array}

Question 2 Which of the following would not be classified as a capital expenditure for decision-making purposes? \begin{array}{|l|l|} \hline\ (\ \(\bigcirc\)\ )\ investment\ in\ a\ management\ training\ program\ &\ \\ \hline\ (\ \(\bigcirc\)\ )\ development\ of\ a\ major\ advertising\ campaign\ &\ \\ \hline\ (\ \(\bigcirc\)\ )\ purchase\ of\ 90-day\ Treasury\ Bills\ &\ \\ \hline\ (\ \(\bigcirc\)\ )\ purchase\ of\ a\ building\ &\ \\ \hline\ \end{array} Question 3 The call feature of a long-term bond allows the issuer to replace a high coupon bond with one with a lower coupon bond all answers are correct states the call price is an optional retirement provision

In Rostow's economic development model, the stage in which workers become more skilled and modern technology spreads to industries beyond the innovating "takeoff industry is called the drive to maturity age of high mass consumption preconditions for takeoff traditional society takeoff