Refer to the above figure. The top two arrows of the figure refer to the product markets. The bottom arrows refer to the factor markets. Which arrow represents the final consumer goods and services?
A) Arrow A B) Arrow B C) Arrow C D) Arrow D
B
Economics
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Figure 10-8
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For the perfectly competitive firm in Figure 10-8, what is the long-run price and quantity?
A. P = 4, Q = 150 B. P = 9, Q = 200 C. P = 10, Q = 200 D. P = 5, Q = 150
Economics
Arthur Pigou put forward the idea that positive and negative externalities can be resolved by creating new private property institutions.
Answer the following statement true (T) or false (F)
Economics
National defense is a public good _____
a. meaning it is an all-or-nothing proposition b. however it can be adjusted on the margin c. implying whatever output produced is efficient d. a and c
Economics
The region of the U.S. with the highest poverty rate is the Midwest
Indicate whether the statement is true or false
Economics