Chapter32: The Land Market And Natural Resources
Section: Chapter Questions
Problem 10E
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Question
- The output from a McDonalds restaurant would be classified as ________ production.A) quaternary B) primary C) secondary D) tertiary
2.Which of the following is NOT part of the
A) The alternative uses of the time you spend studying.
B) The tuition fees that you or your government pays.
C) The income that you could have earned if you did not attend university.
D) The cost of the food that you consume while you are attending university
3.In a
A) only producers are price makers.
B) all producers and consumers are price takers.
C) all producers and consumers are price makers.
D) only consumers are price taker.
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