Investment is a smaller component of GDP than consumption, but it is a more stable component
Indicate whether the statement is true or false
FALSE
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Which of the following is an example of using money as a store of value?
A) paying for a new dress with a credit card B) paying cash for a new automobile C) paying rent with a check on a demand deposit D) keeping $200 on hand for an emergency
A free rider is a person who consumes a good without paying for it
Indicate whether the statement is true or false
Smooth Concrete is a local firm specializing in concrete driveways. Considering that concrete is very heavy, Smooth Concrete is more likely to ________ its own concrete to ________ transportation costs.
A) make; reduce B) buy; reduce C) buy; increase D) make; increase
Most cartels cease to be effective because:
A. of the incentive to cheat on the cartel agreement. B. the dominant firm buys out the other firms. C. of strict enforcement of antitrust legislation. D. consumers discover the cartel and buy from other firms instead.