The wealth of most people declined as a result of the financial crisis of 2007-2009. As a result, which asset was most likely became a larger portion of their portfolio?
A) bonds
B) stocks
C) house
D) checking account
D
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All of the following household expenditures are included in consumption expenditure EXCEPT
A) payment to a dentist for filling a tooth. B) purchase of corporate stock. C) purchase of a new purse. D) purchase of hair styling.
Which of the following is a contractual saving institution?
A) The New York Stock Exchange B) Greater Illinois Savings and Loan C) Prudential Insurance Company D) Fidelity Magellan Mutual Fund
Which of the above diagrams illustrate(s) the effect of an increase in the price of Budweiser beer on the market for Coors beer?
A. A only B. B only C. C only D. A and C
If a consumer is at an optimum, consuming A and B, and the price of B decreases, then to get to a new equilibrium the consumer must
A. purchase more A. B. purchase less A. C. purchase more of both A and B. D. purchase less B.