Review the Real Life Case Study on p. 19 of Economics: Principles in Action. Answer at least 2 of the following questions based on the evidence given in this case study and in Chapter 1, Section 3. You may also wish to read pp.520–521 for additional information. Do you agree that the state and federal government should pass legislation mandated safety features in vehicles? Why or why not? What are the opportunity costs of safety features for consumers and manufacturers? What other opportunity costs might impact the decision of what kind of vehicle to purchase.

Amajor advantage of case studies is

Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.