Which of the following is considered a consumer nondurable?
A. An automobile
B. Medical care
C. Furniture
D. Gasoline and oil
D. Gasoline and oil
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If two investments, X and Y, have the same expected return an individual investor would prefer:
a. the one with a higher standard deviation. b. the one with a higher mean. c. the one with a lower correlation coefficient. d. the one with a lower variance.
Some argue that a nation should not depend too heavily on other countries for supplies of certain key products, special materials, or technologies that might have ______________ applications.
a. general b. scientific c. national security d. international
The income tax acts as a wedge driven between the value a worker creates and her highest possible
A. inheritance. B. mortgage loan. C. capital gain. D. take-home pay.
First, briefly explain what is meant by the policy mix. Second, explain what effect different policy mixes might have on the level of output, investment, and the interest rate
What will be an ideal response?