Consumption expenditures consists of
A) Purchases of food. B) Purchases of automobiles.
C) Purchases of airline tickets. D) All of the above.
Answer: D
You might also like to view...
At macroeconomic equilibrium,
a. total investment equals total inventories. b. total spending equals total production. c. total consumption equals total production. d. total taxes equal total transfers.
A perfectly competitive market arises when
A) the market demand is small relative to the output of a firm. B) there are many buyers but few sellers. C) the market demand is very large relative to the output of one seller. D) a firm has control over a unique resource. E) each of the many firms produces a slightly different product.
"Inside information" is the use of information
A) by those who read the companies' annual reports. B) by those who write the companies' annual reports. C) by stockbrokers at the largest brokerage firms. D) that is not available to the public.
Referring to Figure 1.5, the opportunity cost of producing the third unit of pizza is 
A. one unit of soda. B. six units of soda. C. three units of soda.