Affiliate Marketing Secrets

19. The resource market, which statment below would be correct regarding the resource market
A) Business’s provide the resources in the resource market and earn revenue from providing the resources
B) The resource market and the business are both one and the same and provide goods for the household
C) Resoures are sold to the household and the household provides income into the resource market
D) The household provides the resources in the resource market and in return this is an income for the household
E) The resource market purchases goods from the product market and this is a cost to the resource market
18. Goods are produced by the business and sold in the product market in return the business receives the revenue when it sells its goods in the product market, complete the circle what happens next
A) Households receive the income from the product market and use it to purchase resources available in the resource market
B) Business’s use the income received from selling their products in the product market and use that income to purchase resources in the resource market
C) Business’s use the income received from selling their resources in the resource market and purchase goods from the product market
D) Households use the income earned from selling their resources in the resource market and use it to purchase goods made available in the product market
E) both choices B and D
10. The market for corn flakes is in equilibrium, then a severe drought ravishes the corn crop, at the same time it is revealed that the secret to Micheal Jordans basket ball success was that he eat corn flakes three times a day seven days a week. What effect will this have on market equilibrium price and quantity
A) Equilibrium price rises but equilibrium quantity is indeterminate
B) Equilibrium price falls but equilibrium quantity is indeterminate
C) Equilibrium price is indeterminate but equilibrium quantity rises
D) Equilibrium price is indeterminate but equilibrium quantity falls
E) Both equilibrium price and quantity rise
7. Which event will cause a movement from a point on the production possibility curve to a point inside the production possibility curve.
A) A massive earthquake destroys numerous production facilities
B) Shifting resources towards the production of consumer goods
C) A massive lay off of thousands of workers
D) Ending all funding for education, ending all immigration and a massive deportation of all left handed people
E) The United States allows any state that wants to, to leave the union and twenty states decide to leave
4. Which of the following events would cause the production possibility curve to shift in.
A) Alocating resources towards the production of one product while another nation does the same thing with another product and then the two nations trade with one another
B) The government shifts funding away from health care and towards education
C) A devistating earthquake destroys numerous production facilities
D) A recession puts thousands of workers out of work
E) Both choices A and B
I chose:
19. D
18. E
10. D
7. E
4. C