The following are all final goods EXCEPT
A) flour used by the baker to make cupcakes.
B) bread eaten by a family for lunch.
C) pencils used by a 6th grader in class.
D) Nike shoes used by a basketball player.
E) a computer used by Intel to design new computer chips.
A
Economics
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Profit maximization is
a. the only motive of any firm's management. b. a behavioral assumption to simplify analysis. c. the same as satisficing. d. a literal description of a firm's behavior.
Economics
The 12 Federal Reserve Banks can best be characterized as:
A. central banks, banker's banks, and quasi-public banks. B. investment banks, banker's banks, and public banks. C. national banks, quasi-public banks, and investment banks. D. regional banks, public banks, and member banks.
Economics