The underground economy can be described as
A) production of intermediate goods and services.
B) economic production that includes mining.
C) production of infrastructure that spurs growth in the rest of the economy.
D) economic activity that is hidden from the government to avoid taxes or because the activity is illegal.
D
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Capital consumption allowance refers to
A) capital goods being used up in production through natural wear, obsolescence, and accidental destruction. B) people sending money between countries. C) the purchase of used factories. D) the purchase of goods that allow households to consume more services.
The consumer's income is $800.According to the above figure, what are the prices of goods X and Y?
A. PX = $20, PY = $60 B. PX = $100, PY = $80 C. PX = $60, PY = $20 D. PX = $10, PY = $8 E. PX = $8, PY = $10