The Two Big Economic Questions

question 67

Multiple Choice

The two big economic questions

• A)summarize the scope of economics.
• B)are "what goods and services are produced?" and "how are goods and services produced?"
• C)have nothing to do with goods and services.
• D)do not consider for whom goods and services are produced.
• E)have nothing to do with the way goods and services are produced.

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Definitions:

Indirect Method

A way of reporting cash flows from operating activities on the statement of cash flows, adjusting net income for changes in non-cash accounts.

Net Decrease

This represents the overall reduction in a specific financial position or quantity over a period, after accounting for all increases and decreases.

Cash Flow Per Share

The cash flow from operations divided by the number of common shares outstanding.

Statement Of Cash Flows

A summary of the cash receipts and cash payments for a specific period of time, such as a month or a year.