Mercantilists believed that national military power could be achieved best by _______
a. confiscating church lands and selling them to private businesses.
b. freeing business from government regulation.
c. having the government supply the infrastructure for the economy, while leaving private enterprise alone in other spheres.
d. strictly regulating economic life.
d. strictly regulating economic life.
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Margo orders a MacBook Pro computer from The Apple Store online to use it in her graphic design business. How will this be reflected in the figure above?
A) as expenditures on goods and services B) as a flow of a factor of production C) as a flow of goods and services bought D) as goods and services supplied E) It won't be shown in the figure because this transaction takes place neither in goods markets nor in factor markets. The figure above shows governments in the circular flow.
Job amenities: a. have no impact on the supply of labor
b. are not part of the compensation workers receive from employers. c. help determine the position of the labor supply curve. d. never affect the monetary wages paid to workers.