Which would cause consumption to fall?

a. More income
b. An increase in wealth
c. Optimistic consumer expectations
d. A decrease in wealth

Answer: d. A decrease in wealth

Economics

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How much more do the Chefs value the high-end woks to the low-end woks?

a. $20 b. $30 c. $40 d. $50

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Private savings is defined as:

a. Y + TR - C - T b. T - G - TR c. Y + TR + C - T d. T + G + TR

Economics