An increase in the wages paid to fishermen will have what effect on the fish market equilibrium?
A. Price will decrease, and quantity will decrease.
B. Price will increase, and quantity will increase.
C. Price will decrease, and quantity will increase.
D. Price will increase, and quantity will decrease.
Answer: D
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Which of the following is not a conflict of interest in accounting firms?
A) The firm provides consulting as well as rating creditworthiness. B) Auditors may be pressured to skew their opinions so the client will stay with the firm. C) Auditors may be reluctant to criticize advice put into place by nonaudit personnel of the firm. D) Auditors release an overly favorable audit in order to solicit business.
Which term refers to provisions in a law or a contract whereby monetary payments are automatically adjusted whenever a specified price index changes?
a. Contango b. Swap c. Averaging d. Indexing