Label the following as either being a final or intermediate good. A_ Recycled steel purchased by a steel manufacturer. B_ An automobile purchased by a package delivery company. C_A computer purchased by a university for use in the classroom .

Q: Which of the following is a human capital resource that Deja could use for her art gallery? А. A…

A: The human capital resource refers to the intangible quality which the individuals possess. This…

Q: State and local spending is primarily spent on the following item(s). education. libraries,…

A: State and local spending refers to expenditure undertaken by the government for the provision of…

Q: The table below represents the economy of Bruce, IL, which is a small town in Moultrie County Com is…

A: A consumer price index measures the change in the price level for the goods and services purchased…

Q: Refer to the diagram. Flow 1 represents

A: The flow chart above is showing the interdependence of sectors in the economy.  It is showing the…

Q: Name 4 factors that are likely to contribute to an improved rate of production

A: There may be many factors that can help to improve the rate of production.

Q: Explain any two of the problems in measuring the cost of living

A: In a specific location and historical period, the cost of living is the amount of money required to…

Q: A manager checked production records and found that a worker produced 225 units while working 50…

A: Productivity is a measure of economic performance that compares the amount of goods and services…

Q: In the circular flow diagram what do households do in the factor market, buy or sell? Part B. In…

A: In the two-sector circular flow of income model, there are two sectors- the households and the…

Q: Which reveun contributes the most to the national budget

A: A tax is described as one that the government imposes on citizens who participate in the economy in…

Q: State two important of each factors of production

A: Factors of production are the resources required to produce goods and services in an economy. These…

Q: An ________ is someone who starts a new business or introduces new products into the economy

A: Meaning of Managerial Economics: The term managerial economics mainly focuses on the…

Q: Services are tangible product; activities provided by other people, such as doctors, dentists,…

A: In economics, goods are objects that are obtained at the end of the production process. A producer…

Q: nhing at 3%. GIven these conditions, select the choice below that best describes the current…

A: Given economic growth -1%          Unemployment rate - 5%           Inflation - 3%

Q: Which one of the following is a characteristic of the service sector? O Intangible products O Little…

A: The service sector produces services rather than producing products.

Q: Once a firm produces a good, it will invest and hire workers. pay workers and lenders. borrow for…

A: The inputs are used to produce certain outputs in a production process. Capital and labor are the…

Q: Which of the following transactions should should not be counted in GDP? Answer Yes or No and…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Is real estate BEST viewed as a commodity or a resource? Defend your position on why?

A: According to me, real estate is viewed as a resource not as a commodity. This is because a commodity…

Q: Goods and services which help in the production process are called: (a) Raw materials (b) Factors of…

A: # We need resources and technology to produce goods and services in the economy and to satisfy our…

Q: Saving equals Group of answer choices Y - C. Y - I. Inventory changes. Y - G

A: The fraction of money left over after paying for current expenses is what is saved. In other words,…

Q: Which of the following sectors of the economy has grown the fastest in the United States since the…

A: US economy is considered as one of the most advanced and developed economies in the world. As per…

Q: 1.Choose one company (preferably local) and analyze the main economic activity of the company.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Resource development is Multiple Choice the part of economics that looks at the operation of a…

A: Resource development refers to the development of resources in an economy. Resources should be used…

Q: What is a ‘final good’? Select one: a. A good not used as an input in the production process b. A…

A: A final good is a commodity which is used or used by the end user. The successful (product) needs no…

Q: T, F. Economic Value Added is a measure of the bondholders’  wealth created by an investment center.

A: Economic Value Added is a measure of the bondholders’  wealth created by an investment center. It is…

Q: The most important determinant of a country's standard of living is     A.) Labor supply     B.)…

A: Standard of living refers to the accessibility of quality goods and services to the people living in…

Q: Explain the various ways of determining a good investment in a project or business.

A: When an asset is bought or acquired with the hope of making money later on, such as stocks, bonds,…

Q: Matching Type. Write the correct letter from Column B to the corresponding answer in Col A. A B 1.…

A: q        n            g            d                b                c                l…

Q: What is meant by the cost of living? Describe the cost of living in the state of New Jersey.

A: Cost of living can be explained as the money required for the expenses incurred on the basic…

Q: Final goods are within the production boundaries True/False

A: The goods which are used for investment or consumption purpose are called final goods.

Q: In 1950, Nicaragua and Brazil had roughly the same size economies. Now, Brazil's economy is almost…

A: A developed economy has better resources in production process. Better technology and skill set…

Q: Which of the following The labor used to UGGs sold online O Advertisements fo The utility or enjoy

A: Factors of production refer to inputs used in the process of production of output.  There are four…

Q: What social and economic factors have prompted the rise in small business?

A: Small businesses are generally owned by the private, which is also known as limited liability…

Q: 1) Describe the factors of production.

A: Factors of production are necessary for producing the goods and services, the different factors of…

Q: A business with a high level of productivity is one that: O A. creates its product with a high level…

A: The productivity of a company refers to the amount of goods produced by it given the level of…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: To easily understand the concept, you should consider the value-added as the price of work taken by…

Q: How do you feel that business cycles and the health of the economy affect the value of your labor?

A: ANS Business cycles comprise of two phases namely a phase of expansion and a phase of contraction.…

Q: By going to school an individual will obtain which "factor of production"? O Money. O Physical…

A: the factor of production tells us about the various items needed in the production process and which…

Q: Assume that Kim deposits $1,500 in currency in the Trusty Bank. Later that same day Akio negotiates…

A: Money supply refers to total monetary supply available at a point of time in economy.Money supply…

Q: -low 1 represents

A: The flow chart above is showing the interdependence of sectors in the economy.  It is showing the…

Q: In 1950, Nicaragua and Brazil had roughly the same size economies. Now, Brazil's economy is almost…

A: Economy expansion of a country depends upon various factors like technological development, foreign…

Q: Explain the difference between real and personal property. Choose the correct choice below. A.…

A: Real property refers to land and anything permanently attached to it, such as buildings or…

Q: Physical capital is the factories and machinery used to produce other goods and services. ● ● ● ●…

A: Actual CAPITAL or physical capital ARE THOSE PHYSICAL INPUTS WHICH ARE FURTHER USED IN THE…

Q: Which is considered a factor of production? Multiple Choice O service knowledge bonds competition

A: Factors of production:-  The factors of manufacturing refers to the materials that make up the…