Which of the following is a consumption good or service?
A) a United Parcel Service truck delivering Christmas gifts
B) a personal computer purchased in order to play games at home
C) a satellite dish installed by Cox Cable to download programs that are then distributed through its cable system
D) a United Airline ticket counter
E) the Endeavor space shuttle
B
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An increase in the real interest rate results in which of the following?
A) an increase in the demand for loanable funds B) a decrease in the demand for loanable funds C) an increase in the quantity of loanable funds supplied D) Both B and C will occur as a result of an increase in the real interest rate.
International comparisons of per capita GDP may not reflect the standard of living because __________. a. currency exchange rates may not fully account for differences in purchasing power, and thus people in a country with high per capita GDP may have a lower standard of living because of high local prices for food, housing, or other necessities. b. people in some countries enjoy poverty and do
not mind a lack of access to medicine, education, nutritious food, and safe drinking water. c. markets do not exist in less-developed countries. d. None of the answers above are correct.