Ways to "game" the budgeting process include
a. delaying sales if just short of a target
b. accelerating expenses if just short of a target
c. accelerating sales once a target is met
d. accelerating expenses costs once a target is met
d
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If it is not possible to prevent others from sharing in the benefits of a good's consumption, we say that the good
a. is an economic bad b. is nonrival in consumption c. has the characteristic of non excludability d. is a private good
When an asset is traded for goods and services it is serving the function of a ________
A) store of value B) loanable fund C) unit of account D) medium of exchange
A change in the supply of one factor of production
a. will not change either the marginal productivities or the prices of other factors.
b. will not change the prices of other factors, but it may change their marginal productivities.
c. will not change the marginal productivities of other factors, but it may change their prices.
d. changes the marginal productivities and the prices of other factors.
The consumption function shifted upward from 1960 to 2013 because as economic growth brought ________ expected future income and ________ wealth, people chose to ________ their consumption expenditure from a given level of income
A) higher; greater; decrease B) lower; greater; increase C) higher; less; increase D) higher; greater; increase E) higher; less; decrease