Household production is more likely to occur when
a. it requires few specialized resources
b. technology makes it more costly than market production
c. tax avoidance is undesirable
d. less control over the final product is desirable
e. the opportunity cost of household production is high
A
Economics
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Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. In a normal year the equilibrium quantity of wapanzo beans will be
A) 2 million pounds. B) 4 million pounds. C) 6 million pounds. D) 8 million pounds.
Economics
In the economic way of thinking, all ignorance is ultimately
A) rational ignorance. B) irrational. C) inefficient. D) unjust. E) selfish.
Economics