(02.01 LC)In a circular-flow diagram, which economic player sells goods and services to earn revenue?

  (02.06 MC)Use the table to answer the question that follows. Day Donuts per Hour 1 20 2 22 3 21 4 10 5 15 6 50 7 55 A donut shop makes the best donuts in town. The kitchen’s production is usually between 20 and 22 donuts per hour. The owner buys a new machine to help the team make donuts faster. The owner tracks production over the course of seven days. On which day does the machine make a positive impact on production?

(02.09 MC)In what situation would the rational decision-making model be better than a cost-benefit analysis?

(03.03 MC)Imagine the federal government has a national debt of $12.6 trillion. Congress’s budget for the coming year includes a spending projection of $5.1 trillion. Tax revenue is expected to be $4.8 billion. If this budget is approved with no changes, what will be the outcome?

(02.03 LC) In which type of business is the firm legally considered its own person, and therefore an owner faces the least personal responsibility for its success or failure?

(02.08 LC)Which of the following is a type of government price control?

(02.02 LC)Which product did Margaret Rousseau develop mass production techniques for?

(02.02 LC)Your friend wants to open a taco stand. A necessary labor resource is

(04.04 LC)In their treatment of the American Indians, white Americans did all of the following except

(01.07 LC)Which type of tax maintains the same rate even if a person’s income increases?