The word "outputs" refers to physical goods produced by businesses.
Answer the following statement true (T) or false (F)
False
Outputs are the goods and services that a business sells to its customers.
You might also like to view...
Assume foreign beer is a normal good. If the incomes of demanders decreases,
A) the demand for foreign beer will increase. B) the quantity supplied of foreign beer will increase. C) the market output of foreign beer will increase. D) all of the above will occur. E) none of the above will occur.
In the aggregate expenditure model, ________ has both an autonomous component and an induced component
A) planned investment spending B) government spending C) consumption spending D) net export spending
Which of the following is a common determinant of both supply and demand?
A) income B) future expectations C) tastes and preferences D) sales tax
The FDIC raises its funds by _____________.
Fill in the blank(s) with the appropriate word(s).