Which of the following is an example of a land-intensive commodity?
A. Chemicals.
B. Autos.
C. Watches.
D. Wool.
D. Wool.
Economics
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According to the CPI basket, the largest item in the households' budgets is
A) apparel. B) education. C) food. D) transportation. E) housing.
Economics
Suppose Jones sells a good for $100 at a yard sale. If the producer surplus from the sale is $75, Jones's cost of the good must have been:
a. $100 b. $175. c. $25 d. equal to the deadweight loss.
Economics