If total production is less than total expenditures, then business firms
A) have overproduced.
B) will cut back on production.
C) will raise production.
D) will experience increases in inventory.
E) a and d
C
Economics
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Which of the following is an example of a positive externality?
A) banning the sale of junk food on Sundays B) living next door to a dairy farm C) purchasing a pinball machine for your game room D) planting trees along a sidewalk which add beauty and create shade
Economics
Flora's Flower Shop bought a new van for $23,000. Today, the market price of this van is $11,000. The economic depreciation of the van is ________
A) $23,000 B) $12,000 C) $11,000 D) $34,000
Economics