Figure 23-1 -Refer to Figure 23-1. Which of the Following Pairs Correctly

question 224

Multiple Choice

Figure 23-1
-Refer to Figure 23-1. Which of the following pairs correctly identify X and Z?

• A)Markets for factors of production and markets for goods and services
• B)Firms and households
• C)GDP deflator and CPI
• D)Flow of dollars and flow of inputs and outputs

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Definitions:

Acid-Test Ratio

An economic indicator assessing the capability of a business to fulfill its immediate liabilities using its most liquid assets, without counting inventory.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit customers.

Current Ratio

A measure of a company’s capability to settle short-term debts using its current assets.

Acid-Test Ratio

A stringent indicator of a company's short-term liquidity, calculated by dividing liquid assets by current liabilities, excluding inventory from assets.