Specify whether the following statements deal with microeconomics or macroeconomics. 1) The price of a hamburger is $7. 2) Gross domestic product, GDP, grew by 3.4% over the past 12 months. 3) The unusually cold weather caused the unemployment rate in the trucking industry to increase last month. 4) The decrease in supply caused the price of oil to increase. 5) The inflation rate last month was 1.1%

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?