If a brewery wants to raise funds to purchase a new fermenting vat, it does so in the
A) alcoholic beverages market. B) output market.
C) factor market. D) product market.
C
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The table above gives data for the nation of Mosh. The amount of autonomous expenditure is
A) $1.5 trillion. B) $4 trillion. C) $9.0 trillion. D) $4.5 trillion. E) not shown in this table.
When studying how some event or policy affects a market, elasticity provides information on the
a. equity effects on the market by identifying the winners and losers. b. magnitude of the effect on the market. c. speed of adjustment of the market in response to the event or policy. d. number of market participants who are directly affected by the event or policy.
During the recession of 2007-2009, the Federal Reserve began cutting its target for the Federal Funds rate in
A. September of 2007. B. September of 2008. C. January of 2009. D. January of 2007.
The largest expenditure component of the federal budget is spending on
A. foreign aid. B. the military. C. public education. D. entitlement programs.