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.
B
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A method of measuring the money supply by looking at money as a temporary store of value is the
A) transactions approach. B) capital control. C) liquidity approach. D) fiduciary monetary system.
Refer to the scenario above. Which investment option will a risk-neutral individual choose?
A) He will choose to invest in Option A. B) He will choose to invest in Option B. C) He will choose to invest in Option C. D) He will be indifferent in investing in any of the three options.
All of the following are a current account transaction EXCEPT
A) importing services. B) exporting goods. C) investing abroad. D) importing goods.
If Dell Computer Company could produce more computers at lower long-run average cost by increasing the quantity of all the inputs it uses, Dell definitely would experience
A) decreasing marginal returns. B) diseconomies of scale. C) increasing marginal returns. D) economies of scale.