Consumption expenditure includes spending
A) on intermediate goods and services by firms.
B) on office supplies by firms.
C) by households.
D) by households and spending on office supplies by firms.
E) by governments when they are buying goods and services that consumers also buy.
C
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Nondiscretionary fiscal policy
A. entails legislative changes in government spending or taxes to stabilize the economy. B. include changes in tax rates designed to reduce unemployment. C. is the culprit whenever the federal government runs a budget deficit. D. involves changes in spending and taxes that occur automatically as economic conditions change.
In graphical form,the effect of imposing a tax on a good is shown as
A. a downward movement along the market supply curve. B. a leftward shift of the market supply curve. C. a rightward shift of the market supply curve. D. no change to the market supply curve.
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 
Figure 7.10Refer to Figure 7.10. The slope of the isocost line is
A. -2. B. -1/2. C. 1/2. D. 2.
If a firm shuts down, it
A) makes zero economic profit. B) incurs an economic loss equal to its total variable cost. C) incurs an economic loss equal to its total fixed cost. D) makes a normal profit. E) might make an economic profit, zero economic profit, or incur an economic loss.