Goods commonly produced by colonial households included:
a. clothing.
b. bread and hardtack.
c. beer and whiskey.
d. jellies and jams.
e. All of the above.
e. All of the above.
Economics
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Which of the following is not an example of a resource?
a. an office building b. a product's price c. the land plowed by a farmer in order to grow corn d. the chief executive officer of a large corporation
Economics
Jeff runs a bakery that is famous for its handmade sweet buns. Suppose the elasticity of demand for sweet buns is equal to 0.21, then an increase in the price of the buns: a. will result in a decrease in the supply of sweet buns. b. will result in an increase in the demand for sweet buns
c. will result in a decrease in the total revenue earned by Jeff. d. will result in an increase in the total revenue earned by Jeff.
Economics