All of the following are determinants of supply except

The circular flow of income model ignores the roles of government and international trade.

Statements that make value judgments are referred to as:

A market clearing price refers to

Assume a drought in the Midwest reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of bread and potatoes are a consumer substitute for bread, we would expect the price of wheat to:

When we say an economy is being “productively efficient,” this means the economy is:

The market supply curve indicates the:

College students living off-campus frequently consume large amounts of boxed macaroni and cheese and ramen noodles. When they finish school and start their careers, their consumption of both goods frequently declines. This suggests that boxed macaroni and cheese and ramen noodles are:

The “coincidence of wants” problem associated with barter refers to the fact that:

Refer to the table above.  A total output of 3 units of capital goods and 4 units of consumer goods: