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For the past several years, Emily Page has operated a part-time consulting business from her home. As of June 1, 2010, Emily decided to move to rented quarters and to operate the business, which was to be known as Bottom Line Consulting, on a full-time basis. Bottom Line Consulting entered into the following transactions during […]

Manufacturing Budget Analysis Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company’s factory; Jim is manager of the equipment maintenance department.The men had just attended the monthly performance evaluation meeting for plant department heads. […]

  Photosynthesis: Acquiring Energy from the Sun   1.  If the amount of sunlight stayed constant throughout the year, how would this affect accessory      pigment reflection of light?   2.  How would you determine if the first ETS was functioning properly?   3.  If photons did not energize electrons, how would this affect NADPH […]

Final Project- Step Two Last week, you discussed a possible message to communicate in your final project. For this assignment, you will develop an outline that clarifies your message and expands upon it, filling in any gaps that either your classmates identified in the discussion forum, or you identified over the past week. Your outline […]

If a lobster in Maine costs $10 and that the same type of lobster in Massachusetts costs $30, then people could make a profit by Answer  a. buying lobsters in Maine and selling them in Massachusetts. This action would increase the price of lobster in Massachusetts.  b. buying lobsters in Maine and selling them in […]

Which of the following items plays a role in determining productivity? Answer  a. physical capital  b. natural resources  c. technological knowledge  d. All of the above are correct.   Suppose that a new government is elected in Eurnesia. The new government takes steps toward improving the court system and reducing government corruption. The citizens of […]

For the U.S. economy, money holdings are a Answer  a. small part of household wealth, and so the interest-rate effect is small.  b. small part of household wealth, and so the wealth effect is small.  c. large part of household wealth, and so the wealth effect is large.  d. large part of household wealth, and […]

If the price level falls, the real value of a dollar Answer  a. falls, so people will want to buy less.  This response helps explain the slope of the aggregate demand curve.  b. rises, so people will want to buy more.  This response helps explain the slope of the aggregate demand curve.  c. falls, so […]

A problem that the Fed faces when it attempts to control the money supply is that Answer  a. since the U.S. has a fractional-reserve banking system, the amount of money in the economy depends in part on the behavior of depositors and bankers.  b. federal legislation in the 1950s stripped the Fed of its power […]

The efficiency-wage theory of worker quality suggests that if firms respond to a surplus of labor by reducing the wage, then highly qualified workers will be Answer  a. less likely to apply, and unemployment will increase.  b. more likely to apply, and unemployment will decrease.  c.less likely to apply, and unemployment will increase.  d. more […]