Which of the following is an intermediate good?
A. Tomatoes grown in your garden that you use to make salsa.
B. Tomatoes you buy at a local farmer's stand that you use to make salsa.
C. Tomatoes sold in the grocery store that you use to make salsa.
D. Tomatoes sold to a factory and used in the production of spaghetti sauce.
D. Tomatoes sold to a factory and used in the production of spaghetti sauce.
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If real GDP and the velocity of circulation do not change and the quantity of money grows by 3 percent, then in the long the inflation rate is
A) 0 percent. B) 3 percent. C) larger than 3 percent. D) -3 percent. E) More information is needed to answer the question.
Explain the role played by technological change in classical growth theory, neoclassical growth theory, and new growth theory
What will be an ideal response?
This table shows individual demand schedules for a market.
According to the table shown, what can be said of Betty and Barney's demand for this good?
A. Betty's and Barney's demand both follow the law of demand.
B. Barney's demand follows the law of demand, but Betty's does not.
C. Betty's demand follows the law of demand, but Barney's does not.
D. Neither Betty's nor Barney's demand follows the law of demand.
Asymmetric information in the health insurance market causes prices to ________ and the mix of insured customers to become ________ healthy on average.
A. rise; less B. fall; more C. rise; more D. fall; less