Externalities: A. are not reflected in market prices, so they can be a source of economic inefficiency. B. do become reflected in market prices, so they can be a source of economic inefficiency. C. are not reflected in market prices, so they do not adversely affect economic efficiency. D. do become reflected in market prices, so they do not adversely affect economic efficiency. E. may or may not become reflected in market prices, but do not have an impact on economic efficiency in either event.

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

When the price is the equilibrium price, we would expect there to be a causing the market to put pressure on the price until it went back to the equilibrium price. a. above; surplus; upward b. above; shortage; downward c. below; surplus; upward d. below; shortage; downward e. above; surplus; downward?

How are credit unions similar to banks