The benefit the consumer of a good or service receives is the
A) social benefit.
B) external benefit.
C) private benefit.
D) public benefit.
E) consumption benefit.
C
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A country's domestic currency's real exchange rate, q, is defined as
A) E. B) E times P. C) E times P . D) (E times P )/P. E) P/(E times P ).
Individuals must make choices because
a. resources are scarce and wants are limited b. resources and wants are unlimited c. assets and wealth are distributed unevenly d. resources are scarce and wants are unlimited e. inflation usually outpaces income growth
Which of the following is an example of a public good?
A) Amtrak rail transport services B) services of the U.S. Post Office C) the provision of medical care D) the provision of national defense
During the 1980s, foreigners expanded their role in the United States as
A. both creditors and owners. B. neither creditors nor owners. C. as owners but not as creditors. D. as creditors but not as owners.