A business entity that produces goods or services is referred to as a(n):
A) market.
B) firm.
C) government.
D) industry.
B
Economics
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Economic rent is a payment for a factor of production that elicits an increase in the quantity supplied.
Answer the following statement true (T) or false (F)
Economics
Refer to the above figure. If real disposable income is $30,000, saving is
A) $0. B) $4000. C) $5000. D) $6000.
Economics
During which time will fiscal policy be the most effective?
A) normal times B) times of war C) in the middle of expansions D) times of stagflation
Economics
The demand for labor is considered a derived demand since it depends on
A) the supply of labor. B) the market for capital. C) the consumer demand for the output produced. D) competitive markets.
Economics