Restaurant meals are an example of a ________ good and clothing is an example of a ________ good. The pattern of interregional trade is determined primarily by ________
A) nontraded; traded; external economies.
B) traded; nontraded; internal economies
C) nondurable; durable; natural resource
D) durable; nondurable; natural resources
E) consumer; style; population
A
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In the table above, what inflation rate belongs in space E?
A) 17.0 percent B) 6.8 percent C) 8.3 percent D) 15.4 percent
The figure illustrates Sally's budget line and her preferences. Point ________ is Sally's best affordable point, and Sally prefers point ________ to point ________
A) A; B; A B) E; C; B C) B; A; B D) B; B; D
If at the current level of product-specific service, consumers' value at $12 and the cost of retailers to provide the services is $12, which of the following is true?
A) the profit-maximizing level of profit-maximizing services is exactly double the current level B) the profit-maximizing level of profit-maximizing services is greater than the current level C) the profit-maximizing level of profit-maximizing services is less than the current level D) the profit-maximizing amount of product-specific services is being offered.
______ provisions in an insurance policy stipulate that it will pay only a certain percentage of losses claimed by the insured
a. Vigilance b. Co-payment c. Non-price exception d. Deductible