In the figure above, which of the following transactions take place in the factor markets?
i. Michael, a student, orders a computer from Dell online.
ii. Peter gets a job at a Wal-Mart store.
iii. Apple Computer opens a new store in Georgia
A) ii and iii
B) only i
C) only ii
D) only iii
E) i and ii
A
You might also like to view...
In recent years, a monetary growth rule has fallen out of favor because
A) the close relationship between movements in M1 and movements in real GDP has become weaker. B) it is believed that active monetary policy destabilizes the economy and makes the business cycle worse. C) the growth rate of GDP has been highly unstable. D) the growth rate of M1 has become more stable.
According to Chandler and Cortada (2000), the driving force of the U.S. economy has been what since the beginning?
(a) Agriculture (b) Manufacturing (c) Information (d) Steel and automobiles