Personal consumption expenditures include:
a. all commodities that business firms buy.
b. the purchase prices paid for stocks and bonds by individual households.
c. the construction of residential housing.
d. all goods and services bought by households.
e. the corrected value of housewives' services.
d
You might also like to view...
Suppose the government imposes a 20-cent tax on the sellers of artificially-sweetened beverages. The tax would shift
a. demand, raising both the equilibrium price and quantity in the market for artificially-sweetened beverages. b. demand, lowering the equilibrium price and raising the equilibrium quantity in the market for artificially-sweetened beverages. c. supply, raising the equilibrium price and lowering the equilibrium quantity in the market for artificially-sweetened beverages. d. supply, lowering the equilibrium price and raising the equilibrium quantity in the market for artificially-sweetened beverages.
Which of the following is a benefit of a competitive market structure?
A. efficient decision making B. a low tax rate C. high market power D. high cost of production