Which of the following is an example of roundabout production?
A) Paul pays Ringo to wash his car.
B) A church has a bake sale to raise money for a new narthex.
C) Jane saves her money to buy a stereo.
D) Robinson Crusoe makes a fish net to help him catch more fish per day.
E) Business owners in Minneapolis buy blocks of Minnesota Twins baseball tickets to help guarantee that the team will stay in town.
Correct Answer:
Verified
Q4: Saving is necessary for production because
A)more roundabout
Q5: The production of capital goods, which are
Q6: Most companies that sell CDs by mail
Q7: Saving is
A)helpful for production but not necessary
B)not
Q8: Which of the following is an example
Q10: For the typical consumer, present consumption is
A)preferred
Q11: If a person produces capital goods, she
Q12: The production of capital is a form
Q13: The opportunity cost of producing capital is
A)decreased
Q14: Goods and activities typically are more highly
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