Which of the following is not a subcategory of consumption spending?
a. consumer services
b. consumer investment
c. consumer durable goods
d. consumer nondurable goods
b
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Lizzie's budget line is shown in the figure above. If Lizzie's income is $20, which of the following formulas represents her budget equation?
A) QC = 20 + QM B) QC = 20 - QM C) QC = -20 + 2 QM D) QC = 20 - 2QM
When a positive externality exists in a market, total surplus:
A. is decreased by deadweight loss compared to that same market without a negative externality. B. is the same as a market without a negative externality. C. is increased by deadweight gain compared to that same market without a negative externality. D. is the same but re-distributed differently than if that same market did not have a negative externality.
The English Parliament regulates companies that trade stock publicly through a law known as the:
A. Leverage Act. B. Bubble Act. C. Company Act. D. Anti-Corruption Act.
When did the European Union become a common market?
What will be an ideal response?