Which of the following would be a fixed input for an amusement park?
A. unpopped popcorn
B. ticket booth workers
C. concession workers
D. a roller coaster
Answer: D
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The average propensity to consume is
A. real consumption expenditures divided by real disposable income. B. real disposable income divided by real consumption expenditures. C. real saving divided by real consumption expenditures. D. real consumption expenditures divided by real saving.
Economic development in DVC often focuses on capital accumulation. Why?
What will be an ideal response?
Unrestrained monopolies are criticized because they restrict output and reduce innovation
a. True b. False Indicate whether the statement is true or false
An ______ is a graphical representation that shows the positive relationship between price and quantity provided.
a. individual supply curve b. individual demand curve c. individual equilibrium curve d. individual surplus curve