Which of the following industries would be considered to have a capital intensive production process?
A. Serving food at a restaurant.
B. Creating a hand-crafted wine.
C. Farming in a rich country
D. Creating a painting.
Answer: C
Economics
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The median household income is
A) the income that separates households into two equal groups. B) the most common household income. C) the mean household income. D) the average household income.
Economics
Monetarism is a school of thought put forth by Milton Friedman. He argued that the economy would most likely
A) be unstable. B) be at potential GDP. C) be above potential GDP. D) be below potential GDP.
Economics