Since a new suit is a private good, if latasha chooses to spend $300 on a new suit, latasha would get $300 of benefit from the new suit and rosa wouldn't receive any benefit from latasha's choice. if latasha still spends $300 on a new suit and rosa chooses to contribute $300 to the water fountain, latasha would still receive the $270 of benefit from rosa's generosity. in other words, if latasha decides to keep the $300 for a new suit and rosa decides to contribute the $300 to the public project, then latasha would receive a total benefit of

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.