Over time, spending on ________ is "smoother" than spending on ________.
A. services; nondurable goods
B. durable goods; service
C. durable goods; services
D. nondurable goods; durable goods
Answer: D
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In part, microeconomics is concerned with
A) how a business firm decides upon the amount it produces and the price it sets. B) changes in the economy's total output of goods and services over long periods of time. C) factors that explain changes in the unemployment rate over time. D) the Federal Reserve's policy decisions.
Which of the following allows the greatest value to be generated with a given amount of pollution?
a. Pollution tax b. Regulatory guidelines c. Compliance standards d. Pollution rights
Why can corporations issue bonds that mature long in the future, but partnerships and single-owner firms can only borrow for relatively short periods of time?
Discount lending ties into the Fed's function of:
A. regulation of banking. B. open market operations. C. lender of last resort. D. the government's bank.