If a commercial dairy farm wants to raise funds to purchase feeding troughs, it does so in the
A) output market.
B) product market.
C) factor market.
D) dairy products market.
Answer: C
You might also like to view...
If the nominal gross domestic product (GDP) for a year is $5.4 trillion, and the real gross domestic product (GDP) for the same year is $3.6 trillion, the GDP price index is _____
a. 0.667 b. 150 c. 66.67 d. 50 e. 33.33
Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $6 and a quantity of 40 units. In equilibrium, consumer surplus is equal to:
A. 120. B. 40. C. 160. D. 80.
Critics contend that imposing a minimum wage higher than the equilibrium wage in a competitive industry would:
A. Decrease the number of workers employed in that industry B. Decrease the quantity of labor supplied to that industry C. Increase the demand for labor in the industry D. Increase employment in that industry
Refer to the figure below. The Gini ratio would be 0 for which curve?
A. a
B. b
C. c
D. d