Refer to Table 16.1. Use the following statements to answer this question. I. Trade between Mexico and Guatemala will allow Mexico to consume a combination of tomatoes and beer outside of Mexico's production possibilities frontier.
II) Trade between Mexico and Guatemala will allow Guatemala to consume a combination of tomatoes and beer outside of Guatemala's production possibilities frontier.

A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.

Under a proportional income tax,the average tax rate

A) decreases as income increases.
B) increases as income increases.
C) remains constant at all levels of income.
D) initially decreases,then increases,as income increases.

Government spending is projected to rise over the next few decades. Three of the most important reasons are spending on Social Security, Medicare, and healthcare.

Cash flow statements help users decide whether a company has enough cash to pay its debts.

In preparing Tywin Company's statement of cash flows for the most recent year,the following information is available: Net cash flows from investing activities for the year were:

A) $438,000 of net cash used.
B) $438,000 of net cash provided.
C) $264,000 of net cash used.
D) $351,000 of net cash used.
E) $264,000 of net cash provided.

Which of the following items does NOT generally appear in The National Post corporate bond quote?

A) Current yield.
B) Price.
C) Yield to maturity.
D) Coupon rate.
E) Maturity date.