Which statement is used by most corporations instead of the retained earnings statement?

If the price of a good is not affected by a tax, then:

a) supply is perfectly elastic. b) demand is unit elastic. c) demand is perfectly elastic. d) the elasticity of supply is greater than elasticity of demand. e) supply is unit elastic.

Which of the following statements is true of liability suits that involve a foreign defendant?

A) If the manufacturer is located in another country, the U.S. importer, wholesaler, or distributor is liable for the injuries caused by the defective imported product. B) If a foreign corporation produced the defective goods, the long-arm statute always provides a U.S. court jurisdiction over the corporation. C) The Hague Convention on the Service of Judicial and Extrajudicial Documents in Civil and Commercial Matters accepts the means of service used in the United States. D) If a foreign defendant has no assets in the United States, the U.S. importer, wholesaler, or distributor has to pay the damages.