The three components of personal consumption expenditures are
a. durable goods, nondurable goods, and services
b. durable goods, food, and housing
c. durable goods, nondurable goods, and housing
d. durable goods, services, and food
e. durable goods, services, and transportation
A
Economics
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A shortage of hospital beds will likely lead to
a. an increase in the supply of hospital beds. b. a decrease in the demand for hospital beds. c. an increase in the price of a hospital stay. d. a decrease in the price of a hospital stay. e. none of the above.
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An external benefit is a benefit from an activity that falls on a third party who is not a party to the activity
a. True b. False
Economics