Which of the following is an example of a scarce factor of production?

Money

A

Food

B

Flour

C

Airplanes

D

Established knowledge

A market economy is regulated between two things? A goods and services B producers and consumers C product - based and service - based businesses d public and private sectors

You work as an assistant coach on the university swim team and earn $15 per hour. One day, you decide to skip the hour-long practice and go to the movie theater instead, which has an admission fee of $9.

A decrease in aggregate supply means: A. Both the real domestic output and the price level would decrease. B. The real domestic output would increase and rises in the price level would become smaller. C.

Aside from an associates degree, What else can you earn a two year college?

The disagreement between these economists is most likely due to. Despite their differences, with which proposition are two economists chosen at random most likely to agree

What processes are needed in order to shape alternative design strategies for a system?

Over the past 40 years, technological advances have reduced the cost of computer chips. how do you think this has affected the market for computers? for computer software? for typewriters?

Which education savings plan can be used for the K through 12 expenses as well as post secondary expanses

What is a progressive income tax? a. Tax rate remains the same regardless of income. c. the average tax rate goes up when income goes up. b. The average tax rate goes down when income goes up. d. A tax that is measured at the margin.

In the market for used cars, the demand and supply equations are given by qd = 12,000 - 0.4p and qs = 0.1p + 5,000, where p is the price per car and q measures the quantity of cars. what happens at a price floor of $20,000?