Which of the following is a product that is considered a commodity?
A. new automobiles
B. low-grade gasoline
C. wrapping paper
D. apple candy Weegy:
B. low-grade gasoline.Auto answered|Score 1|dennis003|Points 1030|User:
Why is the equilibrium wage higher for doctors than for convenience store clerks?
A. The demand for convenience store clerks is equal to the demand for doctors.
B. Supply of doctors is relatively low, and the demand is relatively high.
C. The demand for convenience store clerks is low, but supply is low, too.
D. Supply of doctors is relatively high and the demand is relatively low.Weegy:
B. Supply of doctors is relatively low, and the demand is relatively high. Auto answered|Score 1|sipichapie|Points 4915|User:
When demand does not change much after a price change, demand is:
D. inelastic Weegy:
Is demand for tea elastic or inelastic?Answer: D. Demand for tea is inelastic because there are no available substitutes for tea.
Auto answered|Score .8|Niki44|Points 12|User:
Which of the following is physical capital?
A. a college degree
B. a factory building
C. learning to sew
D. playing the violin
B. A factory building is physical capital. Auto answered|Score 1|debnjerry|Points 48039|User:
Which of the following is the best example of a public good?
A. a highway system
B. a shopping mall
C. a country club
D. a movie theater Weegy:
A.) highway system Auto answered|Score 1|stickman|Points 6262|User:
The time it takes for monetary or fiscal policy to become effective is the:
A. outside lag
B. inside lag
C. policy lag
D. none of the above Weegy:
B)inside lag is a delay in implementing monetary policy. Auto answered|Score 1|cheesy82|Points 60|User:
A market failure occurs when a free market is unable to
A. distribute resources efficiently.
B. provide open opportunity
C. meet government regulations.
D. encourage innovation. Weegy:
A market failure occurs when free market is unable to A. distribute resources efficiently
]Auto answered|Score 1|MrG|Points 4177|User:
What is an important characteristic of the M1 money supply?
D. solidity Weegy:
A. Liquidity is an important characteristic of the M1 Money supply.Auto answered|Score 1|LindsayBrooke|Points 175|User:
The most desirable alternative given up as a result of a decision is the:
A. opportunity cost
B. investment cost
C. substitution cost
D. none of the aboveWeegy:
The most desirable alternative given up as a result of a decision is the OPPORTUNITY COST. http://quizlet.com/17010562/econ-final-flash-cards/Auto answered|Score 1User:
What is the role of the Federal Open Market Committee?
A. It appoints the Fed Board of Governors.
B. It oversees the entire Federal Reserve System.
C. It redraws the map of the Federal districts every ten years.
D. It makes key decisions about the U.S. money supply. Weegy:
D. It makes key decisions about the U.S. money supply. Auto answered|Score 1|thewolf010|Points 1160|User:
A consumer’s desire to buy something and the ability to pay for it is called:
B. economic desire
D. law of diminishing returns
All Categories|No Subcategories|Not Answered|6/22/2013 11:44:23 PM