In the actual economy, goods and services are purchased by
a. households, but not firms or the government.
b. households and firms, but not the government.
c. households and the government, but not firms.
d. households, firms, and the government.
d
Economics
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The level of income sufficient to provide a family with a minimally adequate standard of living is the
A. poverty line. B. poverty gap. C. poverty rate. D. poverty state.
Economics
Which of the following would not be included in personal consumption expenditure?
A. Medical expenses B. College tuition C. A movie ticket D. Federal police protection
Economics