Money spent on the purchase of a new house is included in the GDP as a part of:
a. Personal saving
b. Investment
c. Personal consumption expenditures
d. The consumption of private fixed capital
b. Investment
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In the neoclassical theory of growth, growth in ________ is the result of luck
A) saving B) income C) technology D) the real interest rate
Why does demand not change when the price of a good changes with no change in the other influences on buying plans?
What will be an ideal response?
Third-degree price discrimination involves
A) charging each consumer the same two part tariff. B) charging lower prices the greater the quantity purchased. C) the use of increasing block rate pricing. D) charging different prices to different groups based upon differences in elasticity of demand.
In 2001, women in most occupations earned ________ of what males in the same occupation earned
a. less than 30 percent b. about 50 percent c. about 70 percent d. about 90 percent