Question after suffering two years of staggering hyperinflation, the african nation of zimbabwe officially abandoned its currency, the zimbabwean dollar, in april 2009 and made the u. s. dollar its official currency. someone in zimbabwe would have been willing to accept u. s. dollars in exchange for goods and services because a. the exchange rate was low. b. u. s. dollars were a good store of value. c. it was too expensive to keep producing a local currency. d. u. s. dollars had a lower price level.

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.