The demand curve will shift to the left if the price of substitute products increases
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: The demand curve will shift to the right if the price of substitute products increases.
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How are INTERNALLY GENERATED R&D activities treated under GAAP and IFRS?
a. Research is expensed and development is capitalized under both U.S. GAAP and IFRS. b. R&D is capitalized under U.S. GAAP, while research is expensed and development is capitalized under IFRS. c. R&D is capitalized under both U.S. GAAP and IFRS. d. R&D is expensed under both U.S. GAAP and IFRS.
In a joint venture with Russian manufacturer AvtoVAZ, GM executives were planning to have a stripped-down reengineered car based on its Opel model. However, the market research revealed that a "Made-in-Russia" car would only be acceptable if:
A) it has a German name. B) it sported a very low sticker price. C) it has an American name. D) it has a very high sticker price. E) it has a Russian name.