{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}


Warm_up__Wissink_April_21 - Econ 002 Wissink April 23 Warm...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 002   Wissink   Warm up April 23 Warm up _____1. Which of the following is an example of a final good or service? (a) Chocolate a bakery purchases to make cakes. (b) Coffee beans that are purchased by a restaurant owner from a wholesale food distributor. (c) An economics textbook you purchase with the intent of selling after your course is over. (d)The lumber purchased by a construction company that will be used by the company to build a model house to show to its clients. _____2. A former worker who is no longer looking for a job is considered: (a) structurally unemployed. (b) cyclically unemployed. (c) frictionally unemployed. (d) underemployed. (e) none of the above. _____3. "Double-counting" of national product would result from including: (a) total production of autos and total production of bowling balls. (b) value-added of both bakers and flour mills. (c) total of investment expenditures and the total of government purchases of goods and services.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}