2. Which economic principle best explains why people and businesses must make choices due to limited resources? A. Law of Supply and Demand B. Consumer Preferences C. Inflation Rate D. Opportunity Cost

Which of the following is a way to increase economic development? (1 point) raising taxes investing in education limiting trade lowering wages

Which term refers to the type of buying and selling that takes place within a country? (1 point) free trade international trade productivity domestic trade

What business function is the most concerned with paying bills for the company? Marketing Accounting Sales Finance

Person who creates a business (F)/(16)(U)/( )(N)/(11)(?)/(4)(?)/(6)

What is the seller fee for businesses selling through Amazon as a third- party? How many third-party sellers are there on Amazon? How many sellers are on eBay? How much revenue (total sales)does eBay earn annually?

A Eurocurrency is: any currency banked within a European country. any currency banked outside of its country of origin. the currency used by the countries of the European Union. the currency formerly used in many European countries before the formation of the European Union and the institution of the euro.

An integrated international capital market is __ compared to a nonintegrated market. less volatile less resistant to change highly volatile more shock-proof

The variety of goods that a country can produce is limited by the size of the market in industries where __ are important. economies of scale factor endowments current account surpluses current account deficits

The Heckscher-Ohlin theory predicts that countries will: export those goods that make intensive use of factors that are locally abundant. import those goods that make intensive use of factors that are available world-wide. export those goods that make intensive use of factors that are locally scarce. import those goods that make intensive use of factors that are locally abundant.

Hot Questions

How can you use the total revenue test to determine elasticity? You know a product is elastic if the price decreases as the total revenue goes down. You know a product is inelastic if the price increases as the total revenue goes down. You know a product is inelastic if the price decreases as the total revenue goes up. You know a product is elastic if the price increases as the total revenue goes down.

Collins believes that business and ethics are contradictory. Good ethics is antithetical with good management True False

Which of the following rating errors occurs when a manager gives low ratings to all employees by holding them to an unreasonably high standard? A severity error A halo error A leniency error A horns error

Which of the principles of AICPA Code of Conduct is most related artilce 5 of the California Accountancy Act? Responsibilities Due care The public interest Objectivity and independence Integrity Scope and nature of services

Multiple Select Question Select all that apply What are examples of economic factors that can help or hinder business? Taxation Contract enforcement Competition

Find the balance of a savings plan after 36 months assuming an APR of $10\% $ (compounded monthly) and monthly deposits of $\$ 105.$ $\$ 4,387.09$ $\$ 4,297.26$ $\$ 4,413.90$ $\$ 4,256.88$ None of the above.

Which is the better buy? 6-pack of envelopes for $\$ 0.36$ 9-pack of envelopes for $\$ 1.08$

Ten years after purchasing $\$ 8,000$ worth of shares in a mutual fund, you sell the shares for $\$ 6,850$ (at a loss). Find the annual return (to the nearest hundredth of a percent) on your investment. $-1.44\% \% $ $-1.54\% \% $ $-1.24\% \% $ $-1.89\% \% $ None of the above.

After all postings have been made the totals of the balances in the accounts receivable subsidiary ledger should equal the balance of the Accounts Receivable account in the general ledger. True or False True False

Which management approach was the first major approach to focus on informal work relationships and employee salisfaction? Bureaucracy Administrative management Scientific management Human relations