Author Question: Intermediate inputs are A) goods used for household consumption only. B) goods used for ... (Read 120 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Intermediate inputs are
 
  A) goods used for household consumption only.
  B) goods used for government consumption only.
  C) goods purchased by one business from another to use in production.
  D) raw materials used in the production process.

Question 2

Given that Sandy can produce 10 economics reports or make 2 sales calls and Tim can produce 2 economics reports or make 1 sales call, we can conclude that
 
  A) Sandy should specialize in economics reports, and Tim should specialize in sales calls.
  B) Sandy should produce both economics reports and sales calls since she cannot possibly gain from trade with Tim.
  C) Tim should specialize in producing economics reports, and Sandy should specialize in producing sales calls.
  D) Tim should produce both economics reports and sales calls.


frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

For a complete list of videos, visit our video library