In moving from a private closed to a mixed closed economy in the aggregate expenditures model, taxes have no impact upon the equilibrium GDP. must be added to consumption and gross investment. must be added to gross investment. must be added to saving.

Which one of the following is never part of recording the requisition and issuance of raw materials in a job order cost system? debit finished goods inventory debit manufacturing overhead credit raw materials inventory debit work in process

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Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.