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Published byศิริรัตน์ พันธุเมธา Modified over 5 years ago
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Quiz Questions 9/18 Due today: Daley & Farley 4 Due today : F&B 3+4 OR R&T 3-5
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A bike shop in Burlington has a large supply of bikes
A bike shop in Burlington has a large supply of bikes. The bikes in that shop are ____________ and the shop itself is an example of __________ Material cause, Efficient Cause Fund Service, Stock Flow Sold, A firm Raw Materials, a Stock of them Stock flow, Fund Service
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B. Rivalness, Excludability C. Privacy, Excludability
__________ is a legal principle that when enforced allows an owner to prevent other from using his or her asset. __________ is an inherent characteristic of certain resources whereby consumption or use by one person reduced the amount available for everyone else. A. Supply, Demand B. Rivalness, Excludability C. Privacy, Excludability D. Rivalness, Privacy E. Excludability, Rivalness
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In the new Burlington athletic facility the price to rent a tennis court has just fallen. As a response to this, the price of tennis balls __________ A. Raises because they are complementary goods B. Falls because they are substitutes C. Does not change because everybody owns tennis balls D. Falls because the courts are always full E. Does not change because tennis balls and tennis courts are independent goods.
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