If A represents product markets, and D represents firms, then the flow from A to D is _____
a. revenue.
b. expenditures.
c. labor, capital, and natural resources.
d. goods and services.
e. wages, interest, rent, and profit.
check image at top
a. revenue.
You might also like to view...
(pg 168) Charging prices closer to what consumers are willing to pay for a good
a. Reduces consumers surplus b. Increases producer surplus c. Both a and b d. None of the above
Advertisers go to great lengths to build brand loyalty because
A. it makes their product more elastic. B. it makes their product more inelastic. C. it shifts its supply curve to the right. D. it shifts its demand curve to the left.
Which of the following best summarizes the importance of business failure and the central idea of "creative destruction in a market economy"?
What will be an ideal response?
Which of the following reasons do economists use to explain why people are overweight?
a. People undervalue the utility to be received in the future. b. People overvalue the utility from current choices. c. People's preferences are not consistent over time. d. All of the above explain why people are overweight.