What are instantaneously consumed as they are being produced?
a. gifts
b. services
c. intermediate goods
d. durable goods
e. basic goods
B
You might also like to view...
In the short run, firms can adjust all factors of production
a. True b. False Indicate whether the statement is true or false
In 2008, commercial banks' share of the U.S. credit market changed as a result of
A) commercial banks that experienced significant difficulties resulting from real estate investments applied for status as investment banks. B) investment banks that experienced significant difficulties resulting from real estate investments applied for status as commercial banks. C) increasing returns on real estate investments led commercial banks to expand. D) increasing returns on real estate investments led investment banks to expand.
For some products, purchases tend to decrease as the buyer's income increases. Such products are known as:
a. Normal goods b. Inferior goods c. Inverse goods d. Common goods
How might competition eradicate discrimination? Historically, has this been observed?
What will be an ideal response?