Which of the following is an example of consumption?
a. The town council of Oak City pays the salaries of its employees.
b. The stores in Oak City expand their inventories of goods for sale.
c. The residents of Oak City buy thousands of hotdogs over a holiday weekend.
d. The manufacturers in Oak City spend millions of dollars on new robotic machines.
c. The residents of Oak City buy thousands of hotdogs over a holiday weekend.
You might also like to view...
If the price of chicken rises from $1.25 per pound to $1.75 per pound, and the quantity demanded goes from 250 pounds per day to 175 pounds per day, this illustrates
A. the law of diminishing returns. B. the law of supply. C. the law of demand. D. the law of supply and demand.
The international agreement that was aimed specifically at ozone depletion is the
a. Kyoto Protocol b. Montreal Protocol c. Rio Declaration d. London Convention 1972
A carbon tax placed on a fossil fuel:
A. is a pollution tax based on the carbon content of the fuel. B. is a form of marketable pollution permit. C. is often used in conjunction with command-and-control carbon policies. D. will not change the price of the fossil fuel taxed.
The 1990s saw inflation fall and real growth increase in the U.S. and in many other countries. This is partially attributed to all of the following except:
A. redesign of many central banks. B. technological innovation. C. central banks focused more on exchange rates in a global environment. D. central banks became better at their jobs.