Jane is a top-level executive earning a high salary. Jane has just ordered a luxury car only to be told that she will have to wait three weeks for it to be delivered. Which of the following statements is TRUE?
A) The car is not a scarce good.
B) The car is an economic good.
C) The car is human capital.
D) The car is an intangible good.
Question 2
The money price of a good is that price
A) expressed in constant 2005 dollars.
B) expressed in purchasing power against a common item like bread.
C) expressed in today's dollars.
D) that would clear the market.
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