Directions Question 1: For the attached table, identify the type of account as an asset, liability, or equity account. Then type debit or credit within the increase/ decrease columns to signify whether a debit increases the account, or a credit increases the account. The same fo the decrease column. (30 points, 1 point per answer) Account Type Increase Decrease Account Name 1 Cash 2 Accounts Payable 3 Prepaid Insurance 4 Rent Expense 5 Unearned Revenue 6 Owner Capital 7 Fees Earned 8 Owner Withdrawal 9 Equipment 10 Note Payable​

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.