In economics, interpersonal comparisons of utility
a. are widely accepted as useful and accurate to determine market demand
b. are widely accepted as useful and accurate to determine consumer surplus
c. can be measured accurately by using the hypothetical unit of utils
d. are generally avoided because we cannot compare with complete confidence the utility one person derives from a dollar to the utility another person derives from adollar
e. are widely accepted as useful and accurate because consumers have similar utility preferences
D
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Aggregate expenditures include all of the following EXCEPT
A) consumption of food. B) purchases of intermediate goods. C) purchases of a piece of capital equipment. D) purchases of guns by the government.
A higher desired level of capital and investment will result from ________
A) a decrease in productivity B) a fall in expected future output C) a depressed economy D) a booming economy