Lesson 1 (3.0 points) 1. what is an angel investor? (0.5 points)
2. what is the difference between startup costs and operating costs? (1.0 points)
3. what is cash flow? (0.5 points)
4. how is a company’s gross profit calculated? (0.5 points)
5. what are a company’s accounts payable? (0.5 points) lesson 2 (3.0 points)

Dr. dow jones wants to know whether a problem-based approach to teaching economics will result in higher academic performance than his traditional method. of the six sections of economics 101 at his university, dr. jones randomly assigns three sections to the traditional method and three sections to the problem-based method for unit 1 of the course. then all sections switch the instructional method for unit 2. he plans to compare the performance of the two groups of sections on their unit 1 and unit 2 exams. this study employs a design.

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage

Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.