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Listed in descending order of numerical importance, the business population is comprised of: a) sole proprietorships, corporations, and partnerships b) sole proprietorships, partnerships and corporations c) partnerships, corporations, and sole proprietorships d) corporations, partnerships, and sole proprietorships
Many of the proponents of price ceilings argue that government-mandated maximum prices, such as rent controls in New York City, simply reduce producers' profits and do not affect the quantity supplied of a good on the market. If the relevant supply a..
In "Nine Challenges of Alternative Energy" (pp. 386-397), David Fridley argues that the growing cost of and demand for energy, along with the growing concerns of the global climate, leaves us facing, not just a need to explore alternative energy opti..
What would happen to unit sales and total revenue of the book store sold a textbook at a lower price? Would this be elastic due to the fact that a college textbook would be a necessity versus a luxury? Also, if that is the case.. Can you please expla..
The position of the long-run Phillips curve depends on what?
Discuss the importance of westward expansion since 1800.What were some of the key land acquisitions, and how was expansion carried out? What was federal policy towards Native Americans and Mexico, and how did it factor into expansion? Finally, what i..
Elucidate the differences among a currency board, a fixed exchange rate system and a pegged exchange rate.
A material handling system was purchased 3 years ago for $120,537. Two years ago it required substantial upgrading at a cost of $14,340. It once again is requiring an upgrading cost of $24,925. Alternately, a new system can be purchased today at a co..
What are the major categories of “investment” expenditure in the GDP accounts? What are “transfer” expenditures of governments? Why aren’t they included as part of “government spending” in calculating GDP? Why aren’t “intermediate” goods purchases by..
Give an example of how nations can benefit from trade on the basis of comparative advantage. Explain how both parties can share in the gains from trade.
Assume an initial exchange rate where $1 = €1. An American company sells $10 million in goods to a German firm. The American company will receive less than $10 million in revenues if (assume no transactions to prevent exchange rate risk):
Should Banks Make Money on Money? Can the banks make easy profits because the money multiplies? How? Is it fair and efficient? Is the basic structure of banking stable and fair? Could it be different?
The Brisbane Manufacturing Company produces a single model of a CD player. Each player is sold for $196 with a resulting contribution margin of $73. Brisbane's management is considering a change in its quality control system. Currently, Brisbane spen..
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