Which of the following would be classified as a personal consumption expenditure?
A. Your purchase of this economics course.
B. Your purchase of a newly constructed house
C. Your purchase of a preowned house.
D. Your purchase of one share of Microsoft stock.
Answer: A
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An example of financial capital is
A) bonds. B) computers. C) the talents of a highly paid movie star. D) machines. E) buildings.
Normative economics often takes a consequentialist philosophical approach to determine whether a policy is good. ?
Answer the following statement true (T) or false (F)
If the owner of a local movie theater wanted to increase the theater's total revenue from movie admissions, what should the owner do with ticket prices?
What will be an ideal response?
Risk-averse people cut their risks by:
a. diversifying their wealth into physical assets. b. investing their wealth into similar kinds of assets. c. investing their wealth only in risk-free assets. d. diversifying their wealth into different assets.