Public goods are
A) any goods or services produced by the government.
B) provided to additional users at no additional cost.
C) provided only by the capitalistic system.
D) provided only by the communist system.
Answer: B
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According to the simple circular flow concept, whenever planned investment is greater than planned saving during periods of full employment, there is a tendency for
a. output to rise. b. prices to rise. c. employment to increase. d. government to regulate prices and wages.
If memberships in health clubs and hospital fitness centers are substitutes and the price of health club memberships rises, what will happen?
A. Demand for health club memberships will fall. B. Demand for health club memberships will rise. C. Demand for hospital fitness center memberships will rise. D. Demand for hospital fitness center memberships will fall.
Which law specifically mandated the federal government's responsibility for economy-wide stability?
A) the Employment Act of 1946 B) the Sherman Act of 1890 C) the Glass-Steagall Act of 1933 D) the Volcker Act of 1960
Consumption expenditures do NOT include purchases of
A. durable goods. B. services. C. nondurable goods. D. intermediate goods.