Consumption expenditure is the payment by households for consumption of
A) goods but not services.
B) services but not goods.
C) goods and services.
D) services and for saving.
C
You might also like to view...
Commercial society provides incentives to specialize by
A) following one's comparative disadvantage. B) pursuing one's comparative advantage. C) producing somewhere outside the production possibilities frontier. D) producing a narrowly defined good without an interest in the wealth it generates to the producer.
Survey data suggest that most firms
a) respond to increased demand by utilizing overtime b) respond to increased demand by sub-contracting work to other firms c) review their pricing policies either daily or weekly d) change the prices of output monthly e) adjust wages and output prices with equal frequency
Refer to the following graphs.
A recent report indicates that the device known as the right heart catheter used to diagnose heart conditions poses more risks than previously thought. The effect of the report on the market for right heart catheters is best shown by which of the graphs?
A. I B. II C. III D. IV
Explain what is meant by liquidity preference
What will be an ideal response?