A loaf of bread purchased by one of your instructors would be best described as
A) an intermediate good.
B) a financial asset.
C) a used good.
D) a final good.
D
Economics
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As price decreases and we move down further along a linear demand curve, the price elasticity of demand will:
a. decrease. b. increase. c. stay the same. d. approach infinity. e. increase or decrease.
Economics
A quota:
A. is a tax on imports. B. is a tax on exports. C. directly limits the total quantity of a good that can be imported. D. directly limits the total quantity of a good that can be exported.
Economics