Which of the following is NOT a divisible good?
A) gasoline
B) tap water
C) electricity
D) movies
D
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Recall the Applied Perspective concerning Morocco, Coca-Cola, and Multipliers. Coca- Cola's decision to set up a bottling plant in Tangier has
a. created upstream and downstream linkages that accounted for 0.7 percent of Morocco's 1999 GDP b. had minimal impact on Morocco's economy c. created a backlash against the Westernization of the Moroccan economy d. created little new employment since the bottling plant is highly automated e. resulted in the bankruptcy of local, traditional, soft drink manufacturing firms
Are abundant natural resources good or bad for economic growth?
The role that prices play in directing resources away from overcrowded markets and towards markets that are underserved is known as the ________ function of price.
A. allocative B. rationing C. market D. transitive
How will an increase in lumber prices influence the home construction market?
A. The demand for newly constructed homes will increase. B. The demand for newly constructed homes will decrease. C. The supply of newly constructed homes will increase. D. The supply of newly constructed homes will decrease.