Which of the following are not included in the consumption component of gross domestic product?
a. Purchases of stocks and bonds.
b. Consumer durable goods
c. Nondurable consumption goods
d. Consumer services
A
Economics
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Do food stamps affect the slope of the budget constraint of their recipients or rather shift the budget constraint? Explain
What will be an ideal response?
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If a monopolist produces to a point at which marginal revenue is greater than marginal cost then
A) profits are being maximized. B) profits will always be negative. C) the incremental cost of producing the last unit exceeds the incremental revenue. D) the incremental cost of producing the last unit is less than the incremental revenue.
Economics