______________ goods satisfy wants directly, whereas ___________ goods do so indirectly.
a. Capital; consumer
b. Consumer; capital
c. Future; capital
d. Demand; supply
e. Present; future
b. Consumer; capital
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Refer to Figure 4-10. What is the area that represents consumer surplus after the imposition of the ceiling?
A) A + B + C B) A + B + D + F + G C) A + B + D D) A + B + D + F
A transfer payment occurs when the government
a. transfers money between federal banks and state banks b. shifts income from one group of people to another c. buys goods and services d. transfers money from one group of workers to another group of workers e. buys goods to transfer them to other groups of consumers
In the base year, the GDP deflator is always
a. -1. b. 0. c. 1. d. 100.
In Russia, estimated losses from copyright piracy total ________.
A) $3,596 million B) $2,224 million C) $1,691 million D) $225 million