Fill in the blank: National income accountants define a(n) ________ good as something purchased without the goal of reselling it or further processing or remanufacturing it into another sellable good
A) scarce
B) intermediate
C) final
D) finished
E) completed
C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Some luxury product manufacturers will purposefully raise prices on their goods in order to reduce sales volume
This strategy may successfully increase sales revenue if the luxury goods are subject to the ________ effect and have relatively ________ demand. A) bandwagon, elastic B) bandwagon, inelastic C) snob, elastic D) snob, inelastic
Explain the three dimensions of uncertainty which affects the choice among markets, contracts, and integration
What is a marginal benefit?
What will be an ideal response?