Author: Anonymous

According to the circular flow diagram/model, who demand inputs in the resource market?

Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. Candy bars cost $0.75 each while bags of peanuts cost $1.50 each.  Match the Alternative Combinations of Candy bars to Bags of Peanuts based on the information provided and the idea of making trade-offs. Alternative Combinations Combination of goods A B C D E F Candy bars 0 4 8 12 16 20 Bags of peanuts  

Which of the following statements about production possibilities is true?

Which of the following serves as the central bank for private commercial banks and thrifts in the United States?

True or False.  Banks allow a complex economy to carry a range of transactions that occur in goods, labor, and financial capital markets

Which of the following individuals is part of the labor force?

Suppose the following data describe output in two different years: Item Year 1 Quantity Year 1 Price Year 2 Quantity Year 2 Price Oranges 15,000  $     0.25 20,000  $       0.30 Computers 600  $775.00 700  $  825.00 Video Games 8,000  $     0.80 10,000  $       1.10 Compute nominal GDP in year 2 (Enter as a numeric value e.g. 100000)

I am a farmer but the demand for my line of work is outdated and I am searching for work.  What type of unemployment occurred?

Increase in the excise tax on cigarettes increases or decreases the supply of cigarettes?

Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. Candy bars cost $0.75 each while bags of peanuts cost $1.50 each.  Match the Alternative Combinations of Candy bars to Bags of Peanuts based on the information provided and the idea of making trade-offs. Alternative Combinations Combination of goods A B C D E F Candy bars 0 4 8 12 16 20 Bags of peanuts