Which of the following transactions represents the purchase of a final good?
A) Apple computer buys computer processors from Intel.
B) Your father buys a new John Deere riding lawn mower.
C) Starbucks purchases coffee beans.
D) Delta buys a new European-made jetliner.
B
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Refer to Figure 13.2. Oliver's political views initially placed him at the L4 position and George's political views initially placed him at the C4 position
If George comes out with a statement supporting an increase in taxes on the rich, which moves him to the C3 position, and Oliver responds by not only stating that taxes should not be raised, but in fact should be lowered, moving him to the L2 position, the winner of the election will be ________ with a winning vote total of ________. A) Oliver Cousins; 6 votes B) George Glass; 5 votes C) Oliver Cousins; 5 votes D) George Glass; 6 votes
A(n) _____ is an increase in wealth caused by an appreciation of the value of an asset that an individual or corporation owns
a. inflationary gain b. profit c. capital gain d. accelerated appreciation
If a binding price floor is imposed on the market for eBooks, then
a. the demand for eBooks will decrease. b. the supply of eBooks will increase. c. a surplus of eBooks will develop. d. All of the above are correct.
If a tax is levied on the sellers of a product, then there will be a(n)
a. downward shift of the demand curve. b. upward shift of the demand curve. c. decrease in quantity demanded. d. increase in quantity demanded.