Government purchases include spending by federal, state, and local governments on:
A. consumer durables, nondurables, and services.
B. stocks, bonds, and other financial instruments.
C. final goods and services.
D. capital goods, residential housing, and changes in inventories.
Answer: C
You might also like to view...
Moving along the production possibilities frontier itself illustrates
A) the existence of tradeoffs. B) the existence of unemployment of some factors of production. C) the benefits of free lunches. D) how free lunches can be exploited through trade. E) how tradeoffs need not occur if the economy is efficient.
A democratic (majority rule) decision over a multi-dimensional issue can be manipulated by an agenda setter only if voter tastes are not single-peaked.
Answer the following statement true (T) or false (F)
Which type of graph is used to identify trends?
A) time-series B) scatter diagram C) cross-section D) None of the above answers is correct.
A one-year discount bond with a face value of $1000 that is currently selling for $900 has an interest rate of
A) 5.26%. B) 10%. C) 11.1%. D) 100%.