Which of the following is not a final good or service?
A. A computer purchased by a local middle school.
B. A refrigerator purchased by a home owner.
C. Paper purchased by a textbook company.
D. A flu shot purchased by a teacher.
Answer: C
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When the government borrows in the market, it
A. does not have to pay interest. B. is not required to pay back the entire principle. C. can get indefinite extensions on the loan. D. all of these answer options are correct. E. none of these answer options are correct.
The EPA issues permits to every stationary source of pollution in the United States
Indicate whether the statement is true or false
One way DeBeers managed to maintain control over the diamond industry was to:
A. punish consumers who sought to store their wealth in diamonds. B. continue to be the sole diamond producer by buying all existing diamonds. C. create the illusion of no close substitutes through marketing. D. All of these statements are true.
As output rises, average fixed cost
A. rises. B. falls. C. remains the same.