Which of the following is an example of spending on factors of production in the circular flow model?
A) The "Lucky Ducky" casino buys a new craps table for the casino floor.
B) Laurence rents a car to drive to a wedding in San Diego.
C) Yvette pays $50 to join a softball league.
D) Tuan purchases a cappuccino at the student union.
A
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The Interstate Highway system in the U.S. has boosted economic productivity mainly through ________
A) the positive impact on tourism B) reduction in transportation costs C) increased competition among fast food restaurants D) increased speed of military deployments
When the potential money multiplier is 7, a $3,000 increase in demand deposits could support the creation of ______ new demand deposits
a. $3,000 b. $9,000 c. $15,000 d. $18,000 e. $21,000
Under laissez faire, society's decisions about how much of every product to produce depend on
a. consumer preferences only. b. production costs only. c. consumer preferences and production costs. d. neither consumer preferences nor production costs.
You acquire human capital by:
A. investing in health care. B. gaining experience in jobs. C. getting an education. D. All of these are true.