Generally unfavorable evidence on PPP suggests that a. substantial barriers to international commodity arbitrage exist b. shipping costs can make it difficult to directly compare commodity prices c. tariffs and quotas imposed on international trade can explain at least some of the evidence d. all of the options

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.

Which one of the following is not a typical current liability? a. interest payable b. current maturities of long-term debt c. salaries payable d. mortgages payable