A consumer good that is used up within three years is a(n)
A. durable consumer good.
B. nondurable consumer good.
C. service.
D. investment.
Answer: B
You might also like to view...
Suppose the Social Security Administration would like to guarantee the purchasing power of social security payments to the elderly does not diminish
That is, the real value of the payments does not decrease. The CPI in 1990 was 130.7 and the CPI in 1998 was 163.0. How much does the Social Security Administration need to increase payments from 1990 to 1998 to accomplish this objective?
Which of the following factors led to the housing bubble in the U.S. in 2006?
a. Increased amount of lending to subprime borrowers b. Decreased money supply by Federal Reserve c. Future expectation about downward movement of prices of the houses d. Federal Reserve raised the market rate of interest e. Increase in the supply of houses
If opening up international trade resulted in the U.S. becoming a wheat exporter, relative to the prior no-trade situation, the U.S. domestic price of wheat: a. would rise, but domestic output would fall
b. would decline, but domestic output would rise. c. would decline, as would domestic output. d. would rise, as would domestic output.
In the long run import quotas do not affect the size of net exports
a. True b. False Indicate whether the statement is true or false