A consumer's demand for a product increases because other consumers own it. This is an example of:
a. bandwagon effect

Refer to the figure above. If the capital stock is fixed at $300, what is the investment in the economy?

A) $5,000 B) $6,000 C) $4,000 D) $7,000

The desire for goods and services is

a. created by a market economy b. the ultimate explanation for all production c. why it is so difficult to explain how our economy works d. the cause of inflation e. what causes the market wage for labor to continually increase