Consumption expenditures
A. Are equal to consumer spending plus transfer payments.
B. Account for over two-thirds of total spending.
C. Are equal to disposable personal income plus personal saving.
D. Include purchases of new and used goods by consumers.
Answer: B
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Which of the following describes the asymmetry Moncur Olson observed in the incentives to support and oppose trade policy?
A) The benefits of those seeking protection outweigh the costs imposed by the protection. B) The benefits of protection are spread out over a large number of firms and industries, but the costs are concentrated on consumers. C) The benefits of policy are concentrated, and the costs are spread out over a large number of participants. D) The costs of protection are concentrated on a few firms, and the benefits of protection are spread out over a large number of consumers.
How does an economy's central bank manage the supply of money through official reserve transactions?
What will be an ideal response?