The network of suppliers needed to make a particular product is known as
A. the supply chain.
B. net exports.
C. the nonmarket economy.
D. the network externality.
Answer: A
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Improved quality in health care services is partly responsible for increases in health care costs in the United States
Indicate whether the statement is true or false
The above table gives the initial balance sheet for Mega Bank. Barney comes into the bank and deposits $50 of currency into his checking account. The desired reserve ratio is 3 percent
After Barney's deposit, but before any other actions occur, MegaBank will have excess reserves of A) $15.00. B) $33.00. C) $48.50. D) $50.00.
Which of the following is the best example of an investment in human capital?
a. an increase in the number of hours worked per week by worker in a job employing low-skilled labor b. the purchase of company stock by a worker c. a summer internship at a law firm filled by someone attending law school d. payments into a retirement pension plan by a skilled laborer
The only way the standard of living of the average person in a country can increase is if ________ increases faster than ________
A) production; population B) population; GDP per capita C) population; production D) population; income