Suppose that consumption spending is $4,200 billion, spending on durable goods is $1,200 billion, and spending on services is $2,000 billion. What does spending on nondurable goods equal?
A) $7,200 billion
B) $1,000 billion
C) $2,200 billion
D) $3,200 billion
E) There is not enough information to answer this question.
B
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While falling prey to the seductive ways of Catwoman, Batman sacrifices the opportunity of protecting Gotham City from a crime spree initiated by the Joker. That foregone opportunity is a(n) ________ cost of (yet again) falling prey to Catwoman
A) monetary B) explicit C) sunk D) implicit
Which of the following statements is true?
a. In both black markets and legal markets, supply and demand determine price. b. The quality of products sold in black markets and legal markets are similar. c. The price of products in black markets tends to be the same as those in legal markets for otherwise identical products. d. The rate of violence is similar in black markets and legal markets.