Investment is a flow of resources into the production of new capital.

Answer the following statement true (T) or false (F)


True

Economics

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Your weekly budget for gasoline and movie rentals is $45.00. Referring to the figure above, what is the price per gallon of gasoline?

A) $1.00 B) $1.25 C) $1.50 D) $1.75

Economics

Scarcity exists for those with a. lower incomes

b. average incomes. c. higher incomes. d. all of the above.

Economics

A decrease in quantity demanded

a. illustrated by a movement downward and to the right along a demand curve. b. illustrated by a movement upward and to the left along a demand curve. c. shifts the demand curve to the left d. shifts the demand curve to the right.

Economics

If Vito decides to work 30 hours instead, his marginal utility loss from having less leisure will be 34.



a. 15
b. 21
c. 27
d. 8

Economics