Capital income does not include income paid to households for the use of their capital

An indication that the economy is in recession, e.g., a rise in the number of used clothing stores for babies, suggests that

a. used clothes for babies are a necessity b. used clothes for babies are an inferior good c. used clothes for babies are a normal good d. new clothes for babies are a luxury e. used clothes for babies have price-elastic demand

National defense is an example of a club good

a. True b. False Indicate whether the statement is true or false