In the product market
A. consumers trade monetary payments for goods and services.
B. consumers trade resources for goods and services.
C. businesses trade goods and services for resources.
D. consumers trade goods and services for resources.
Answer: A
You might also like to view...
Use the following table to answer the question below.OutputTotal Cost0$10102020283038405350736098The marginal cost associated with the production of the fortieth unit of output is
A. $2.50. B. $9.80. C. $1.50. D. $1.00.
A demand curve for a Giffen good would be
A) upward sloping. B) downward sloping. C) horizontal. D) vertical.
If the demand for movies increases at the same time as the movie industry adopts labor-saving technology for producing movies, the equilibrium price for movies will increase, but the effect on the equilibrium quantity of movies is ambiguous
a. True b. False Indicate whether the statement is true or false
Which of the following can cause supply-side inflation?
A) an increase in human capital B) increases in the money supply C) tax cuts D) none of the above