Resources can be purchased
A. in the product markets.
B. in the factor markets.
C. in the financial markets.
D. exclusively through the government.
Answer: B
Economics
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An increase in the U.S. price level will: a. increase U.S. exports
b. increase U.S. imports. c. increase the quantity of RGDP demanded in the United States. d. both (a) and (c)
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The rule of thumb for a government deciding whether to provide a public good is that the: a. marginal cost of the good should be less than the marginal benefit
b. opportunity cost of the good should be greater than the marginal benefit. c. sunk cost of the good should be equal to the marginal benefit. d. variable cost of the good should be greater than the sunk cost.
Economics