An improper bank reconciliation designed to conceal a cash shortage is more likely to overstate than understate the amount of outstanding checks.

Jenny's weekly income increases from $500 to $650. As a result, she goes out for dinner one day a week instead of one day every other week. What is Jenny's income elasticity of demand for restaurant dinners?

What will be an ideal response?

If the government simultaneously increases marginal income tax rates and unemployment compensation, the:

A. incentive to work will increase. B. incentive to work will diminish. C. effect on the incentive to work cannot be predicted. D. incentive to work will not change.