Deciding if a power company will generate electricity from wind power or coal answers the economic question of:
A. "who consumes the products produced?"
B. "what products will be produced?"
C. "where will the products be consumed?"
D. "how will the products be produced.?"
Answer: D
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As the economy recovers from a recession, we should expect that
a. demand for inferior goods will fall and demand for normal goods will rise b. demand for both inferior and normal goods will rise c. demand for inferior goods will rise and demand for normal goods will fall d. demand for both inferior and normal goods will fall e. demand for complements will fall
Does inflation always cause workers losses due to decreases in real wages? Why or why not?
What will be an ideal response?
A country's exchange rate is the
A) price of its currency in terms of another currency. B) ratio of imports to exports. C) ratio of exports to imports. D) ratio of net exports to real GDP.
OutputTotal Cost0$24133241348454561669Refer to the above data. The average total cost of producing 3 units of output is:
A. $14. B. $12. C. $16. D. $13.50.