A production point is said to be efficient if there is no way for the economy to produce more of one good without producing less of another.

Which type of contractual provision affects remedies?

A) Cover.
B) Liquidation or limitation of damages.
C) Modification or limitation of remedy.
D) Both limitation of damages  and limitation of remedy are correct.

A person's individual style and frequency of expressing needs and emotions is referred to as his ____________________ and is originally biologically and genetically based.

When closing the Income Summary account when there is a net income:

A) Capital would increase.
B) Revenue would decrease.
C) Capital would remain the same.
D) None of these is correct.

When group leaders and members can identify and confront, _____ the strength and integrity of the group increase.

When demand rises and supply remains the same,equilibrium price _______ and equilibrium quantity ____________.

Inflation and unemployment both increase as the money supply increases.

Which of the following equations best describes the income statement?

A) Assets − Liabilities = Stockholders' Equity.
B) Net income = Revenues + Expenses.
C) Net income = Revenues − Expenses.
D) Retained earnings = Net Income + Dividends.