The decisions consumers make about which goods to consume are interrelated because:
A. the enjoyment of one good often depends on the consumption of other goods.
B. consumers have perfect information regarding all possible consumption bundles.
C. consumers can't always distinguish between goods.
D. consumers are often indifferent between different goods.
A. the enjoyment of one good often depends on the consumption of other goods.
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Which of the following is false?
A. The completion of the national railroad network by 1890 led to the development of a national American market rather than just a series of smaller regional markets. B. Before the Civil War the North and the South were in agreement on the issue of protective tariffs, but were in conflict over the spread of slavery into the new Western territories. C. The U.S. was the first mass-consumption society. D. From 1900 to the end of World War I, U.S. farmers prospered.
Refer to the table above. At what rate did the country grow between 2005 and 2006?
A) 15.95% B) 12.45% C) 18% D) 16.33%
According to the quantity theory of money, a 15 percent increase in the quantity of money creates a 15 percent rise in
A) the price level. B) the velocity of circulation. C) real GDP. D) the unemployment rate.
The limited ability to raise funds is a disadvantage for
A) sole proprietorships and partnerships. B) partnerships and corporations. C) sole proprietorships and corporations D) corporations.