All of the following would be considered a direct material for an automobile
A. Tires
B. fabric for seats
C. Batteries
D. sand paper.
Ans: D. sand paper.
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Use the following graph of the demand for electric cars to answer the question below.
Which of the following would occur if electric cars became less expensive?
A. D3 to D1 B. Point a to point b C. Point b to point A D. D2 to D1
As a result of recent empirical research, there has been a convergence of Keynesian and monetarist opinion to the view that
A) money is all that matters. B) money does matter. C) money does not matter. D) fiscal policy is all that matters.
A nondurable good
A. is an intangible commodity. B. applies only to services. C. has a life span of more than 3 years. D. is used up within 3 years.
Refer to the information provided in Figure 3.10 below to answer the following question(s).
Figure 3.10Refer to Figure 3.10. A decrease in quantity supplied is represented by a movement from
A. S2 to S1. B. S2 to S3. C. Point B to Point A along supply curve S2. D. Point B to Point C along supply curve S2.