The Consumer Expenditure Survey measures

A) households' spending patterns.
B) the wholesale price on what consumers buy so that a markup percentage can be found.
C) the maximum price buyers will pay for a good or service.
D) consumers' incomes.
E) the jobs at which consumers work.

A

Economics

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Exhibit 21-3 Potatoes and wheat output (tons per day) CountryPotatoes Wheat United States4 2 Ireland3 1 In Exhibit 21-3, the United States has an absolute advantage in producing:

A. potatoes. B. wheat. C. both. D. neither.

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The national income accounts include a value for the amount of capital stock “used up” during the production of current output. This dollar amount is called

A. appreciation. B. dollarization. C. amortization. D. depreciation.

Economics