Government spending ________ is included in gross domestic product

A) at federal, state, and local levels of government
B) at the federal level of government only
C) at state and local levels of government only
D) on defense goods only

Answer: A

Economics

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The table above shows the production possibilities for an economy. The opportunity cost of a loaf of bread is ________ when moving from possibility B to possibility C

A) 1/2 of a book B) 2 books C) 200 books D) 100 loaves of bread E) 1 loaf of bread

Economics

Which of the following is most likely a constant cost industry?

a. coal b. ice cream c. lumber d. oil

Economics