Explain which of the following items are not consumption goods and services:
What will be an ideal response?
• A chocolate bar
A chocolate bar is a consumption good.
• A ski lift
A ski lift is not a consumption good. It is capital that produces a service for skiers.
• A golf ball
A golf ball is a consumption good.
Economics
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The text points out that terrorism might best be thought of as
a. an ability to accomplish specific and long-lasting political goals. b. a new type of weapon. c. a temporary and diminishing threat. d. a new kind of war.
Economics
An increase in the interest rates in a country:
A) reduces net exports. B) does not affect net exports. C) increases net exports. D) results in a an outflow of capital from the country.
Economics