Which of the following scenarios best describes the typical process a commodity will undergo on its way to being a finished product? It is harvested and stored near where it was grown, then shipped by truck, train or boat to a place to be processed and packaged, then
transported back to the area where it was grown for sale to local residents.
It is harvested and stored near where it was grown, then shipped by truck, train or boat to a place to be processed and packaged, then
transported again to a restaurant or store far from where it was grown.
It is harvested and processed on site, then a small roadside market is set up to allow farmers to sell a diverse group of fresh products
directly to consumers without the need for transport.
It is harvested and immediately processed in the same community where it was grown, then transported only a short distance away for
storage and sale to a local community

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

Which two of the following are benefits of consumer programs