Which of the following expenditures are included in consumption?

A. Personal medical services.
B. Police services.
C. Public parks.
D. Public highways.

Answer: A

Economics

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The HPAE (High Performance Asian Economies) countries

A) have all consistently supported free trade policies. B) have all consistently maintained import-substitution policies. C) have all consistently maintained non-biased efficient free capital markets. D) have all maintained openness to international trade. E) have all outperformed the U.S.

Economics

For society as a whole, producing more of one good or service has an opportunity cost because

a. human wants are limited and resources are unlimited b. both human wants and resources are unlimited c. resources are limited; human wants are irrelevant d. human wants are unlimited and resources are limited e. both human wants and resources are limited

Economics