Which of the following is not an example of roundabout production?
A) Farmer Joe builds a better plow to increase his productivity
B) The country of GoRound is making more pizza ovens to bake more pizzas in the future
C) McTaco fast food is closed for a day to install better deep fryers
D) Jimmy throws a make 'n bake party to raise money for the hospital
E) An accountant takes a class to learn how to use a new accounting software
Correct Answer:
Verified
Q1: Increased saving today means
A)more consumption today and
Q2: The benefit of the production of capital
Q4: Harry receives $100 from his grandfather.He has
Q10: For the typical consumer, present consumption is
A)preferred
Q13: The opportunity cost of producing capital is
A)decreased
Q15: Production cannot occur without
A)saving
B)government
C)a market system
D)low interest
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents