What Is the Change in the Net Working Capital from 2011

question 74

Multiple Choice

What is the change in the net working capital from 2011 to 2012?

• A)-$1,194
• B)$1,306
• C)$1,887
• D)$4,780
• E)$5,172

Identify when a tax on goods is likely to be effective in both reducing consumption and generating revenue.

Understand that the impact of a tax on consumption can depend on the availability of substitutes.

Know the distinction between price elastic and price inelastic demand.

Understand the conditions under which a tax might not reduce consumption of a good.

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Definitions:

World Trade Organization

An international organization designed to supervise and liberalize world trade, by providing a forum for trade negotiations and dispute resolutions.

Intellectual Property

Legally recognized exclusive rights to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images.

U.K. Bribery Act

A law passed by the United Kingdom in 2010, designed to combat bribery and corruption in both the public and private sectors.

Foreign Corrupt Practices Act

A United States law that prohibits U.S. companies and their employees from bribing foreign officials for business purposes.