QN=82 (17796) Table 24-1 The table below pertains to Pieway, an economy in which the typical consumer's basket consists of 10 bushels of peaches and 15 bushels of pecans.
a. 83.3.
b. 100.0.
c. 120.0.
d. 200.0.
b. 100.0.
You might also like to view...
What is the difference between economic profit and normal profit?
What will be an ideal response?
Which definition(s) of the money supply include(s) only items which are directly and immediately usable as a medium of exchange?
A. M1 B. M2 C. Neither M1 nor M2 D. M1 and M2
Big Pools is large swimming complex. Suppose senior citizens have a demand for entrance into Big Pools that is more than half of the adults demand for entrance and there are an equal number of senior citizens and adults. If Big Pools practices two-part pricing, to earn greater profit, Big Pools ________ adjust the membership fee to include ________.
A) should not; senior citizens B) should; only adults C) should; senior citizens D) should not; adults
Changes in business inventories are:
A. classified as government purchases. B. classified as investment expenditures. C. excluded from GDP. D. classified as consumption expenditures.