Distinguish between absolute and relative sizes
How do economists distinguish between absolute and relative sizes of the public debt? Why is the distinction important?
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A firm has two factories, one twice as large as the second one. As the number of workers at each factory increase, which factory will experience diminishing returns first?
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Orbit Airways purchased a baggage-handling truck for $41,000. Suppose Orbit sold truck on December 31, 2008, for $28,000 cash, after using the truck for two full years and accumulation depreciation of $16,000. Make the journal entry to record Orbi
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