To find aggregate planned expenditures, which of the following must be added to consumption expenditure?
i. net exports
ii. investment
iii. government expenditure on goods and services
A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
E
Economics
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As consumption increases, total utility increases
A) at an increasing rate. B) at a decreasing rate. C) at a constant rate. D) and marginal utility increases.
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The term "early adopters" refers to
A) consumers who respond quickly to fads, seasonal changes, etc. B) consumers who are willing to pay high prices to be among the first to own new products. C) firms that are the first to implement a new technology that is used to produce new goods or services. D) book clubs that are first to recommend best-selling books to their members.
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