The conditions for unaligned retailer and manufacturer incentives include
a. customers are familiar with the product before they shop for it
b. retailers have no opportunity to educate consumers
c. manufacturers have little scope for educating consumers
d. demand for the product is decreased with some consumer education
c
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In the expenditures approach of national income accounting, C, I, and G include expenditures for ________.
A. domestically-produced, as well as imported, goods and services B. exported goods and services C. domestically-produced goods and services only D. the private sector of the economy only
For any particular period of time, say a year, the supply of exhaustible resources:
a. decreases infinitely with an increase in price. b. remains unaffected by any change in price. c. increases infinitely with an increase in price. d. increases to a certain extent with an increase in price. e. decreases to a certain extent with an increase in price.
Aggregate expenditure in the U.S. economy includes spending for U.S. output by
a. households and businesses, but not governments. b. households, businesses, and the federal government, but not state and local governments. c. households, businesses, and all governments except foreign ones. d. households, businesses, and governments, both domestic and foreign.
Digital cameras and memory cards are:
A. inferior goods. B. complementary goods. C. substitute goods. D. independent goods.