Which of the following would NOT be considered a consumption good?
A) a new sweater
B) tools used to cut metal on an auto production line
C) a jar of Skippy peanut butter
D) a bottle of Scotch whiskey
B
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The industries or sectors of the economy in which business cycle fluctuations tend to affect output most are
A. clothing and education. B. capital goods and durable consumer goods. C. military goods and capital goods. D. services and nondurable consumer goods.
If a multinational is controlling funds, it will expect a subsidiary to remit a ________ portion of their earnings if this subsidiary has the opportunity to reinvest its earnings profitably
A) significant B) substantial C) smaller D) larger
Which of the following is an example of a direct tax?
A. Sales tax B. Property tax C. Gasoline tax D. Income tax
In every economic system, choices must be made because resources are:
A)Unlimited, but economic wants are limited B)Limited, and so are economic wants C) Finite, but economic wants are insatiable D)infinite, but econmic wants are finite