Which of the following is an example of a final good or service?
A. lumber purchased by a construction company to bin used in building houses
B. wheat a bakery purchases to make bread
C. coffee beans Starbucks purchases to make coffee
D. a computer purchased by Federal Express to track shipments
Answer: D
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Explain how government deficits fell yet current account surpluses remained the same in the EU prior to adopting the euro. Also explain this in the context of the "twin deficits" theory
What will be an ideal response?
In the long run in perfect competition, firms will operate at
a. minimum average total cost. b. an average total cost that is just slightly above the minimum. c. an average total cost that is about 10% above the minimum. d. an average total cost that is below price.
A demand schedule relates prices of a particular good to quantities demanded
a. True b. False Indicate whether the statement is true or false
In recent decades, a primary source of long-run growth in U.S. output has been:
A. Increased capacity utilization. B. A reduction in structural unemployment. C. Increased output per worker. D. Rapid growth of the money supply.