Imagine what would happen to your consumption if you couldn’t trade and had to be self-sufficient. How would self-sufficiency impact your level of consumption of food? Clothing? Transportation? Communications? Entertainment? Health care? Education? Try to give an example.

Ashare stock is a small piece of ownership in a company ture or false

Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.

Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply