To macroeconomists, investment is mainly the purchases of goods and services
A) by businesses.
B) to hold as wealth, such as gold coins or art.
C) to hold as wealth, such as stocks and bonds.
D) by the government.
E) ?b and c
A
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Use the following consumption schedule to answer the next question. 
At income level 3, the amount of consumption is represented by the line segment
A. GH. B. FD. C. FG. D. FH.
The Consumer Price Index measures the average prices paid by
A) businesses for a fixed market basket of resources. B) urban consumers for a fixed market basket of goods and services. C) businesses and consumers for a market basket of goods and services. D) urban consumers for the goods and services that most frequently change in price. E) businesses for the most frequently used basket of resources.
Tony notes that an electronics store is offering a flat $20 off all prices in the store. Tony reasons that if he wants to buy something with a price of $50, then it is a good offer, but if he wants to buy something with a price of $500, then it is not a good offer. This is an example of:
A. inconsistent reasoning because prices are sunk costs. B. inconsistent reasoning; saving $20 is saving $20. C. rational choice because saving 40 percent is better than saving 4 percent. D. the proper application of the Cost-Benefit Principle.
For a home monopolist, a quota allows the firm to charge _______________ the tariff.
a. a higher price than b. a lower price than c. the same price as d. Not enough information is provided to answer the question.