Capital goods
A. are consumed because they enhance the enjoyment consumers obtain from other goods and services.
B. are a special type of consumption goods.
C. are goods used to make consumer goods and services.
D. refer to the expenses that a company incur for producing other types of goods.
Answer: C
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For a given level of inflation, if there is a greater reluctance by foreigners to purchase domestic goods, then the ________ shifts ________.
A. short-run aggregate supply line; downward B. aggregate demand curve; right C. short-run aggregate supply line; upward D. aggregate demand curve; left
If the government pays a per-unit subsidy to the producer of a service, we would expect to see a(n) I. increase in the quantity demanded. II. decrease in the out-of-pocket price paid by consumers. III
increase in the quantity supplied by producers. A) I only B) both I and II only C) both II and III only D) I, II, and III
Excise taxes are designed to ______.
a. tax all products equally b. tax distinct products only c. help low-wage earners invest more d. help low-wage earners afford necessities
Refer to the consumption schedule above. Disposable income equals consumption at point:
A. A
B. C
C. D
D. G