Which of the following items is the one type of household expenditure that is categorized as investment rather than consumption?
a. spending on education
b. the purchase of stocks and bonds
c. the purchase of a new house
d. the purchase of durable goods such as stoves and washing machines
c
Economics
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The basics of the ERM in the EC provided for:
A) flexible exchange rates and free capital flows. B) fixed exchange rates based on the U.S. dollar. C) gradual conversion to a common currency (the euro). D) fixed exchange rates based on a weighted basket of currencies formula.
Economics
Explain how a Pigovian tax works
What will be an ideal response?
Economics