Which of the following is not an example of a consumption good?
a. video games

Refer to Figure 7-2. If the tariff was replaced by a quota which limited coffee imports to 20 million pounds, the amount of revenue received by coffee importers would equal

A) $5 million. B) $15 million. C) $50 million. D) $78 million.

The path of income over a lifetime is likely to be much more stable than the path of consumption.

Answer the following statement true (T) or false (F)