If All Firms Expect Greater Demand for Their Products or Services,they

question 72

Multiple Choice

If all firms expect greater demand for their products or services,they will hire __________ resources (e.g.,labor and capital) and the economy will experience __________.

• A)fewer; recession
• B)fewer; growth
• C)more; federal budget deficits
• D)more; recession
• E)more; growth

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Definitions:

Straight-Line Depreciation

Straight-line depreciation is a method of calculating the depreciation expense of an asset evenly over its useful life.

Straight-Line Depreciation

A technique for determining an asset's depreciation, presuming that the asset will depreciate by a consistent value annually throughout its projected useful life.

Incremental Sales

The additional revenue generated from a particular business action or decision, beyond existing sales.

Straight-Line Depreciation

A process for dividing the cost of an asset equally over the duration of its usability.