The possible goods and services a consumer can afford to consume represents the:
A. consumer status.
B. consumer behavior.
C. consumer opportunities.
D. consumer preferences.
Answer: C
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One of the surprising conclusions of many of the noncooperative models of oligopoly is that firms end up better off with the noncooperative outcome than they would by cooperating with one another
Indicate whether the statement is true or false
Assume the government decides to reduce spending in order to reduce the budget deficit, which it financed by borrowing in the real credit market. What is the first round effect on the value of the domestic currency, if there is low mobility in the international capital markets?
a. The value of the currency rises. b. The value of the currency falls. c. The value of the currency is unaffected. d. The change in the value of the currency is ambiguous.
All other things being equal, which country is likely to have the slowest economic growth?
a. Country A’s government does little to enforce the rule of law. b. Country B has a few natural resources within its borders. c. Country C places great emphasis on the importance of education for all its citizens. d. Country D’s government invests in its infrastructure and health system.
In the above figure, equilibrium expenditure is equal to
A) $5 trillion. B) $10 trillion. C) $20 trillion. D) $15 trillion. E) None of the above answers is correct