Which of the following would be included in the consumption component of total expenditure in the United States?
a. A citizen buying a new apartment in Colorado
b. A citizen paying rent for an apartment in New York
c. NASA buying a new satellite launch vehicle from another country
d. The U.S. government selling submarines to another country
b
Economics
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Why do we analyze the steady state in the Malthusian model?
A) Because that is all we know how to do. B) Because there is a non-steady state that is not interesting. C) Because this is the Pareto optimum. D) Because the long run equilibrium of the model is the steady state.
Economics
A firm with positive accounting profit may be suffering an economic loss
a. True b. False
Economics