An example of a final good would be
A) the coffee beans sold to Starbucks. B) the whipped cream sold to Starbucks.
C) the soy milk sold to Starbucks. D) a soy latte sold by Starbucks to a student.
D
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Capital ________ are American purchases of foreign assets, and capital ________ are foreign purchases of American assets
A) inflows; outflows B) inflows; inflows C) outflows; outflows D) outflows; inflows
The number of firms in a monopolistically competitive industry means that
A) firms will collude. B) existing firms in the industry will make sure new firms do not enter. C) firms will not cooperate to set a pure monopoly price. D) firms will try to set a common price.
During the past quarter of a century, the world's extreme poverty rate (per capita income of less than $1.25 per day) has
What will be an ideal response?
If price rises, what happens to quantity supplied of a product?
a. It increases. b. It decreases. c. It does not change. d. Quantity supplied is constant, but supply increases.