In the circular flow of economic activity
A) aggregate expenditure measures the dollar value of purchases of factors.
B) aggregate expenditure measures the dollar value of purchases of final goods and services.
C) aggregate income measures the dollar value of labor resources only.
D) aggregate expenditure is measured as it moves through the financial markets.
B
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Many cities in California have severe land-use laws and ordinances, which effectively takeoff the market large amounts of land for residential or commercial construction
If the demand for housing increases in these cities without any increase in the stock of housing or commercial buildings then what is the likely impact that this will have on home prices and commercial structures? How might this affect where corporations choose to locate factories?
A pair of shoes manufactured in Milan, Italy cost 195 euros. What is the dollar value of the shoes if the exchange rate is $0.89 per euro?
A) $173.55 B) $195.00 C) $219.00 D) $890.00
________________ —a term describing a tool that economists use to determine the effect of an economic event on equilibrium price and quantity.
a. Equilibrium price b. The four-step process c. Demand schedule d. Supply schedule
How much is the MPS?
