New residential housing is counted in GDP as a(n)

a. durable consumption good
b. household durable good
c. investment good
d. inventory expansion
e. long-term durable good

C

Economics

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If fears of a terrorist attack are widespread and people lose faith in money, the economy could revert to a system of

a. cash and checks. b. double-entry bookkeeping. c. barter. d. financial intermediaries.

Economics

If we compare common and civil law, we find that:

a. Common law places more emphasis on private property rights b. Common law is less rigid c. Common law can adapt to new circumstances better d. a, b, and c are correct e. None of the above

Economics