A schedule of amounts of a good that people will purchase at various prices during a specific time period holding other factors constant is
A) a market.
B) supply.
C) demand.
D) the market clearing price.
C
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You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)?
What will be an ideal response?
Which of the following is an example of human capital?
A) a computer B) a college education C) a factory building D) a software program
The balance of payments is zero
A) as an accounting identity. B) because market forces ensure that this is so. C) only if the current account balance is zero. D) only if the capital account balance is zero.
Given whatever income they have, consumers make consumption choices to maximize the
a. total utility of the goods they consume b. marginal utility of the goods they consume c. average utility of each good they consume d. number of goods they buy e. prices of goods they buy