Gasoline, a derivative of oil, is a large part of transportation costs for many producers. if the price of oil increases at the same time that incomes fall for many consumers, one would expect the equilibrium price of many normal goods to while their equilibrium quantities would
a. fall, rise, or stay the same; decrease
b. fall; rise
c. decrease; fall, rise, or stay the same
d. fall; fall

Double corporation acquired all of the common stock of simple company for

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii