Cards in this guide (21)
Why would building shipyards be an important part of Japans plan to become a major trading power in the world
Trade goods are carried in ships. You can't be a major trading
nation without ships. The cheapest way to obtain ships is to build
them. Michael Montagne
What is the difference between current assets vs total assets
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula show
Total assets = current assets + fixed assets
What is the purpose of tableau
tableau's purpose is to tell a story or convey a message
What do board members of the Federal Reserve obtain their positions
They are appointed by the president and confirmed by the
Senate.
Which process can be viewed in the modern automobile factory method popularized by Henry Ford
specialization A+ the last guy was wrong
Which economic theorists believed that overpopulation would cause labor to overwork the land
Thomas Robert Malthus believed that overpopulation would cause
labor to overwork the land.
What is the term for the process whereby a person is held responsible for the actions of a business
piercing the coporate veil
What is the term used to describe a market that is dominated by a single corporation or entity
What is the purpose of antitrust laws and regulations
Ensure markets operate competitively.
What is the primary use of a C corporation's profits
Which of these is not an argument that economists have made against specialization and the division of labor
specialization would lead workers to a higher overall level of
skills A+
How are net exports calculated
by subtracting a country's imports by the exports
Who must approve the charter in order for a corporation to be legally established
Secretary of sate where the corporation is established
What is a corporation that does not pay any federal income taxes
In a limited partnership who carries most of the liability
What of these will happen if a country imports less than it exports
Net exports will be positive and will add to the calculation of GDP.
Which level of government is income tax imposed
The nation's economic health is currently calculated by using what
The purchase of items such as diamonds furs and excessively large homes for the purpose of showing financial wealth is an example of which of these
conspicuous consumption A+
The works of which economist lead to a more quantitative study of economics
What of the following is not a likely sole proprietorship business
auto manufacturing plant A+
