All of the following are examples of intermediate goods, except:
A. Flour bought by a bakery
B. Oven bought by a bakery
C. Office supplies bought by an accounting firm
D. Gasoline bought by a trucking company
B. Oven bought by a bakery
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Travis always carries $100 in his wallet to pay for groceries. This is an example of the
A) precautionary demand for money. B) asset demand for money. C) transactions demand for money. D) wealth demand for money.
Marginal revenue product is the effect of a one-unit increase in an input on the cost of production.
Answer the following statement true (T) or false (F)
The three main components of the aggregate demand—aggregate supply model include
A) AD, SRAS, LM. B) SRAS, LRAS, IS. C) AD, IS, LM. D) AD, SRAS, LRAS.
An increase in the real interest rate outside of the United States will cause net capital outflows to ________ and cause the dollar to ________ relative to other currencies
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate