Consumption goods are
A. a form of investment.
B. goods purchased from savings.
C. goods purchased by households for immediate use.
D. a form of capital goods.
Answer: C
You might also like to view...
In relatively poor economies, modest expenditures on public health (immunization of children) can produce large improvements
What does this imply about the accuracy of the growth rate of real GDP as a measure of national well-being? How is the situation different in rich economies?
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. Which of the following statements can be said of Country A? Country A:
A. has the comparative advantage in car production only.
B. has the comparative advantage in truck production only.
C. has the comparative advantage in car and truck production.
D. does not possess the comparative advantage in either good.
The benefit valuations for a product are gut feelings that occur:
A. after marginal thought. B. instantaneously. C. after careful thought. D. after conscious weight is given to the cost of the product.
All of the following are arguments against free trade EXCEPT
A. dumping. B. the infant industry argument. C. the need to protect American jobs. D. comparative advantage.