Whose income do you predict will be more affected by the expansion of Internet access: a. Stockbrokers

Question:

Whose income do you predict will be more affected by the expansion of Internet access:
a. Stockbrokers or lawyers?
b. Doctors or pharmacists?
c. Bookstore owners or the owners of galleries that sell original oil paintings?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

See More Books

Question Posted: Dec 12, 2015 04:32 AM

See More Questions

Listed here are the total costs associated with the 2009 production of 700 drum sets manufactured by Roland. The drum sets sell for $600 each. Required 1. Classify each cost and its amount as (a)...
Listed here are the total costs associated with the production of 10,000 Blu-ray Discs (BDs) manufactured by New Age. The BDs sell for $15 each. Required 1. Classify each cost and its amount as (a)...
Listed here are the total costs associated with the 2011 production of 1,000 drum sets manufactured by NeatBeat. The drum sets sell for $300 each. Required 1. Classify each cost and its amount as (a)...
Based on the following definitions, which statement is NOT true? int[] 1DArray={1,2,3}; int[][] 2DArray=new int[2][]; 2DArray[0]={4,5}; 2DArray[1]={6,7,8}; public void method1(int[] 1DArray){...}...
Suppose that in a sampling survey to estimate the population variance, the biased estimator was used instead of the unbiased one. The sample size used was n = 100, and the estimate obtained was...
The Farm Credit System is both vertically and horizontally integrated. Explain.
It seems that there are many ways for fraud and abuse to take place in the field of accounting. How can this occur when there are so many regulatory bodies and professional accounting standards in...
Neil Brown is the proprietor of a small company. The results of operations for last year are shown, along with selected balance sheet data. From the information provided, determine the amount of net...
The FAR and the UCC are very similar in their general precepts but can differ greatly in the details. The FAR places additional requirements on US Federal Government Agencies spending taxpayer...
In this mini-case you will perform some procedures required as a part of audit planning. For ease your audit manager has already organized the workpapers and completed several of the required...
Brokers who sell stocks over the Internet can serve many more customers than those who transact business by mail or over the phone. How will the expansion of Internet access affect the average...
Fred, a retired accountant, and Jim, a government manager, are 63-year-old identical twins who collect antique pottery. Each has an annual income of $100,000 (Fred's from a pension, Jim's from...
Define internal combustion engine and explain how it is different from external combustion engines?
A stem plot is created from the intervals (min) between eruptions of the Old Faithful geyser in Yellowstone National Park, and one row of that stem plot is 6 | 1222279. Identify the values...
If youre not happy with a product or service, is it worthwhile to complain? In one study, business majors wrote complaint letters to companies. When the firm sent a free sample in response, this...
In terms of the definition of occupational fraud and abuse, who is an employee? 1. Any person who receives regular and periodic compensation from an organization for his or her labor 2. Only rank and...
Which of the following is the most accurate statement? a) Like the 20th century, the 21st century will definitely be the American Century. b) Although we have had some recent problems, our economy is...
Which of the following is true with regard to Cresseys theory of crime causation? 1. For a fraud to occur, only one of the fraud triangle attributes (perceived pressure, perceived opportunity, or...
True or false: The iterative system (9.156) is a Markov process. v(n+1) = Av(n) (9.156)
The bookkeeper for Riley, Inc., made the following errors: a. A cash purchase of supplies of $357 was recorded as a debit to Supplies for $375 and a credit to Cash of $375. b. A cash sale of $3,154...
In recent years, Zimbabwe has had hyperinflation, with prices tripling (or more!) every month. According to what you learned in this chapter, what do you think the government can do to end this...
When the price of a good increases, the quantity demanded _______ When the price of a good decreases, the quantity demanded ______
When a good is taxed, in which scenario does the burden of the tax fall mainly on consumers? a. When the tax is levied on consumers b. When the tax is levied on producers c. When supply is inelastic...
What mechanisms do you employ to monitor and evaluate the effectiveness of strategic plans, utilizing key performance indicators (KPIs) and other performance measurement tools to gauge progress and...
Your elderly neighbor places a bag of corn kernels on your doorstep each morning. The first day, the bag contained 1 kernel of corn, the second day it contained 2 kernels of corn, 4 kernels of corn...
During 2025, Acme Supply Company's land account decreased by $270,000 because of a cash sale for $270,000. The equipment account increased $90,000 as a result of a cash purchase, and the bonds...

Whose income do you predict will be more affected by the expansion of Internet access: a. Stockbrokers

Question:

Step by Step Answer:

Internet access and income a Stocks in companies are highly standardized commodities and hence are m...View the full answer

Principles of Economics

Students also viewed these Economics questions