Nancy loves to landscape her yard, but her neighbor Tom places a low value on his landscaping. When Tom's grass is neglected and gets long, Nancy will mow for Tom. This is an example of:
a. the fallacy of composition

Indirect quotations in terms of foreign currency refers to:

A) expressing exchange rates as units of foreign currency in terms of domestic currency B) expressing exchange rates as units of domestic currency in terms of foreign currency C) expressing exchange rates of less traded currency by using a "major" currency D) expressing exchange rates in terms of commodities such as gold

Consider the following three items of spending by the government: (i) the federal government pays a $500 unemployment benefit to an unemployed person; (ii) the federal government makes a $2,000 salary payment to a Navy lieutenant; (iii) the city of Bozeman, Montana makes a $10,000 payment to ABC Lighting Company for street lights in Bozeman. Which of these payments contributes directly to

government purchases in the national income accounts? a. only item (i) b. only item (ii) c. only items (i) and (ii) d. only items (ii) and (iii)