At the end of the production chain that a typical economy moves up along is
a. raw material
b. agriculture
c. hunting and gathering
d. services
e. manufacturing
D
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Which of the following do economists consider to be capital?
A. a pair of stockings B. a share of IBM stock C. a construction crane D. a savings account
In developing countries, there is more reliance on ________ as opposed to ________ for government revenue
A) tariffs; tax collection B) quotas; tariffs C) tax collection; tariffs D) tariffs; quotas
The Jordanian government might consider devaluing its currency (the dinar)
a. if domestic inflation is high b. if Jordan has a large trade deficit c. if Jordan has achieved full employment d. if the dollar is appreciated e. if Jordan has a large trade surplus
Which of the following statements is true? a. Demand refers to how much of a good a consumer is willing to purchase at all prices
b. Demand refers to how much of a good a consumer is able to purchase at all prices. c. Demand refers to how much of a good a consumer is able to consume during a given period of time. d. Demand refers to how much of a good a consumer is willing and able to purchase at all prices.