Which of the following is an example of spending on factors of production in the circular flow model?
A) Orson buys a package of beef jerky at a convenience store.
B) Bernadette gets a manicure and pedicure before attending her parents' anniversary party.
C) Landon pays $100 for a season pass to a water park.
D) The "Suds Bucket" car wash buys new squeegees for all its employees.
Answer: D
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In the Solow growth model, investment is a ________ variable and depreciation is a ________ variable
A) stock; stock B) stock; flow C) flow; stock D) flow; flow
If Don has budget constraint C in the graph shown, what is the trade-off he faces in terms of the two goods?
This graph shows three different budget constraints: A, B, and C.
A. Two cases of soda for every three gallons of milk
B. One case of soda for every one and a half gallons of milk
C. Three cases of soda for every four and a half gallons of milk
D. All of these accurately reflect Don's tradeoff.
Given the graph shown, the quantity that would be associated with the price of $1 in a supply table would be:
A. 3. B. 2. C. 1. D. 0.
Refer to the information provided in Table 21.5 below to answer the question(s) that follow. Table 21.5
Refer to Table 21.5. The value for net exports in billions of dollars is
A. -200. B. 100. C. 200. D. 400.