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How do economists study the economy? What is a production possibilities frontier? What are the benefits of specialization and trade?
What economic concept is this contest harnessing in order to encourage participants to learn more?
Which organization-the Securities and Exchange Commission, the American Institute of Certified Public Accountants, or the Financial Accounting Standards Board.
Describe one example of each of the four key principles involved in thinking like an economist.
Ask them or somebody you know around their age to recall where they were living. What has happened to the average standard of living over the last 25 years?
Give a personal example of how pursuing your self-interest has made society better off.
Describe the role of the Securities and Exchange Commission and its influence on the practice of auditing.
How would you respond if your instructor gave daily quizzes on the course readings? Would this be a positive or a negative incentive?
New regulation disallows the two-part tariff and requires that monopolist charge a per-unit. Compute the effect of this regulation on the consumer's surplus.
Some believe that the best way to do this is by preventing weak companies from issuing stock.
Explain the Kuznets's inverted-U hypothesis. Discuss the conceptual merits and limitations of this hypothesis for contemporary developing countries.
Jones told the students not to spend time reviewing the internal controls, but instead to concentrate on proving the mathematical accuracy of the ledgers.
Why do customers who visit convenience stores at 3 a.m. have a price elasticity of demand that is more or less elastic than those who visit at 3 p.m.?
What journal entries would the fraud perpetrators have entered into the financial records to overstate revenues?
College logo T-shirts priced at $15 sell at a rate of 25 per week, but when the bookstore marks. What is the price elasticity of demand for the logo T-shirts?
Define the price elasticity of demand. What are the four determinants of the price elasticity of demand?
What are the fundamentals of a market economy? What determines demand? What determines supply? How do supply and demand shifts affect a market?
Where would you plot unemployment on a production possibilities frontier? Where would you plot full employment on a production possibilities frontier?
What are Joey's and Rachel's opportunity costs of baking bread? Who has the absolute advantage in making bread? Who has a comparative advantage in making bread?
How would this discovery affect the production possibilities frontier between potatoes and carrots?
The shareholder's arguments have been persuasive to a large number of people present at the meeting. What can you say to defend yourself?
A friend argues, however, that anyone presented with the right pressures can commit fraud and that opportunities must be eliminated through an effective .
Should external auditors do all audit procedures themselves, or should the relationship between the auditor and the client be more friendly?
How do you think the news of the bankruptcy was reflected in the auditor's report accompanying the financial statements dated April 30, 1990?
Why is the purchase of inventory for resale to customers classified as an operating activity rather than an investing activity?