Refer to Figure 4-3. If the market price is $2.50, what is the maximum number of ice cream cones that Kendra will buy?
A) 1 B) 2 C) 3 D) 4
C
Economics
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What are some of the components of marginal cost and marginal benefit that the producer of a movie faces?
What will be an ideal response?
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An increase in the demand for a product will shift the demand for labor used to produce the product:
a. downward. b. leftward. c. rightward. d. none of these, the curve will not shift.
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Which of the following is NOT considered to be an economic resource?
A. an engineer B. a local gas station C. a company truck D. a view of the moon on a clear night
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One major economic benefit of global competition is:
A. Lower unemployment B. Increased protection of domestic firms C. Pressure to innovate D. More leisure opportunities
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