How much of each dollar spent by a consumer ultimately becomes income to someone else?
A) less than one dollar
B) It depends on how much the cost there is in the distribution channel that delivers the good from the manufacturer to the consumer.
C) It depends on how much labor was needed to produce the good that the consumer buys.
D) one dollar
D
Economics
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What is meant by the term "free market"?
What will be an ideal response?
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Which of the following games involving the roll of a single die is a fair bet?
A) Bet $1 and receive $1 if 3 or 4 comes up. B) Bet $1 and receive $1 if 3, 4, or 5 comes up. C) Bet $1 and receive $4 if 6 comes up. D) None of the bets is a fair bet.
Economics