Which situation deals more with equity than efficiency? a) howard's realty offers his sales staff a bonus incentive if the annual sales goal is reached. b) the red sox signs a star player for $35 million a year, which is over 10 times the average salary of the rest of the team. c) mike's auto shop invests in a new hydraulic lift that makes it easier to change oil and rotate tires. d) due to the lack of customers, jamie's pizza reduced the number of pepperoni slides on each pizza.

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?