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Ima Broke is the sole owner of Miracles,Inc.Ima needs another loan from a bank to expand her business.In order to improve the chances of receiving a loan,she decides to report the principal of one of Miracles,Inc.'s loans as contributed capital instead of a liability on the balance sheet.Discuss the ethical issue with Ima's treatment of the loan.
Economy's Resources
The total assets available for the production of goods and services within an economy, including natural resources, labor, capital, and technology.
Production Possibilities Curve
A graphical representation that shows the maximum quantity of goods and services that a society can produce, given its current technology and resources.
Production Technology
Refers to the methods and processes used in the production of goods and services.
Production Possibilities Curve
A graphical representation showing the maximum combination of goods or services that can be produced in a given period with available resources.
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