• 2022-06-07
    If a producer can use resources to produce either good A or good B, then
    A: complements in production.
    B: substitutes in production.
    C: substitutes in consumption.
    D: complements in consumption.
  • B

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    • 0

      The supply of loanable funds, or “national saving,” is<br/>equal to ____ A: income - consumption. B: income - consumption - taxes. C: income - consumption - government spending. D: income - consumption - government spending - taxes.

    • 1

      In the circular-flow diagram, A: firms own the factors of production. B: the factors of production are labor, land, and capital. C: the factors of production are also called “output.” D: firms produce output using goods and services.

    • 2

      One of the research area in Green Chemistry is to use renewable feedstocks for chemical production. Which could be used as feedstocks for chemical production in the following resources? A: Kitchen garbage B: Waste cooking oil C: Agricultural wastes D: Microalgae

    • 3

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    • 4

      For what kind of preferences will the consumer be just as well-off facing a quantity tax as an income tax? A: Qusilinear utility function B: Cobb-Douglas utility function C: perfect substitutes D: perfect complements