Consumption expenditures include all of the following EXCEPT
A) going to a concert. B) having your house cleaned by Klean Maids.
C) buying a pizza. D) purchasing a share of stock.
D
You might also like to view...
According to the economic way of thinking,
A) the private sector is more important than the public sector. B) the public sector is more important than the private sector. C) the public sector cannot be adequately studied using economic theory. D) people in society strive to advance the projects they are interested in, and they will advance their interests through market institutions or the institutions of government.
Marginal benefit is the total benefit to a consumer from consuming one more unit of a good or service
Indicate whether the statement is true or false
The largest drop in the percentage of families below the poverty level occurred
a. in the 1960s b. in the 1970s c. in the 1980s d. in the early 1990s e. during the recession of the early 1980s
Assuming that bus travel is an inferior good, a decrease in consumer income, other things being equal, will cause:
a. a downward movement along the demand curve for bus travel. b. no change in the demand curve for bus travel. c. an upward movement along the demand curve for air travel. d. a rightward shift in the demand curve for bus travel.