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Question and answer
Q: 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
A: B. low-grade gasoline.
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Original conversation
User: 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.
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.
sipichapie|Points 4915|

User: When demand does not change much after a price change, demand is: A. static B. elastic C. variable 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.
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

Weegy: B. A factory building is physical capital.
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
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.
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
MrG|Points 4177|

User: What is an important characteristic of the M1 money supply? A. liquidity B. durability C. flexibility D. solidity

Weegy: A. Liquidity is an important characteristic of the M1 Money supply.
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 above

User: 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.
thewolf010|Points 1160|

User: A consumer’s desire to buy something and the ability to pay for it is called: A. demand B. economic desire C. supply D. law of diminishing returns

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Asked 6/22/2013 11:44:23 PM
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