When you purchase Gap clothing and baseball tickets

A) you are buying consumption goods.
B) you are buying capital goods.
C) you are consuming intermediate goods.
D) you are buying physical capital.

A

Economics

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If the personal savings rate rose to 10%

A. our current account deficit would probably fall. B. our current account deficit would probably rise. C. our current account deficit would be unaffected.

Economics

Use the following graph of the demand for steak to answer the question below.Refer to the above diagram and assume that steak is a normal good. Which of the following would shift the demand for steak from D1 to D3?

A. a decrease in consumer incomes B. a decrease in the price of steak C. an increase in consumer incomes D. an increase in the price of steak

Economics