Which of the following would be the best example of a final good or service?
A. a machine that GM purchased to build cars
B. flour used to make pizza
C. jet fuel used by United Airlines in one of its airliners
D. a meal that a family makes for itself
Ans: A. a machine that GM purchased to build cars
Economics
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The minimum amount that investors must earn on the funds they invest in a firm, expressed as a percentage of the amount invested, is referred to as
A) the explicit costs of production. B) net income. C) net worth. D) a normal rate of return.
Economics
Explain carefully the opportunity costs of a mother's time, what may lead these to change over time, and what effects these changes have on family decisions
What will be an ideal response?
Economics