Whether an economy engages in trade or remains closed, it will always be true that the value of its consumption must equal the value of its production. suppose that an economy produces manufactured goods (m) and food (f). this requirement is indicated by the expression: pf the price of food dm the domestic consumption of manufactured goods df the domestic consumption of food qm = the domestic production of manufactured goods of the domestic production of food assuming this country engages in trade and ends up importing food, which of the following expressions reveals df), its imports of food? o b.-pf x (qf -df). oc. (pf/pm)× (df-qf). o d. (pypf) x (qm-dm).

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.