Which of the following would not be included in personal consumption expenditure?
A. Medical expenses
B. College tuition
C. A movie ticket
D. Federal police protection
Answer: D
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According to the equation of exchange, if the quantity of money is $20 billion, velocity 3, and real GDP is $6 billion, then the price level is
A) 10. B) 1.1. C) 2. D) 1.6. E) 40.
In order to fix 1 car tire, jerry fixed 3 bicycle tires. In order to fix 1 car tire, berry fixes 5 bike tires, who has the comparative advantage
What will be an ideal response?
Distinguish the short run from the long run. Generally, what causes costs of production to vary with output in the short run? What generally causes costs of production to vary in the long run?
What will be an ideal response?
Which of the following is a government-inhibited good?
A) tobacco B) red wine C) public education D) cocaine