What is a roundabout method of production a it refers

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138. What is a roundabout method of production?a. It refers to an inefficient way of producing goods.b. It refers to the production of capital goods that are used to enhance productivecapabilities.c. It refers to hiring more workers and using fewer capital goods.d. It refers to producing more consumer goods and fewer capital goods.e. none of the aboveANSWER:b
POINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure, a - DISC:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Application139. If roundabout methods of production did not ultimately __________, they would probably not be employed.b
POINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDAUnited States - OH - Default City - DISC: Markets, market failure, a - DISC:
RDS:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Application140. If the demand for consumption loans rises, this could be the result ofb
POINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure, a - DISC:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Application141. If the demand for investment loans rises, this could be the result ofa
POINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure, a - DISC:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Application142. A firm knows that it can borrow funds at 7 percent to invest in capital. Whether or not it borrows the funds dependsupon thea. amount of people's saving.b. rate of time preference of consumers.c. return on capital relative to the price of credit.d. difference between its interest payments and the interest rate.e. none of the aboveANSWER:c
POINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: Analytic
LOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure, a - DISC:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Application

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Term
Fall
Professor
Chen
Tags
Economics, Inflation, Supply And Demand, Interest, Test, Market failure, STANDA United States

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