Get the detailed answer: Which of the following are most likely classified by economists as consumer durable goods?A. If consumption equa... 2 points Which of the following is included in GDP calculations ? Gross Domestic Product equals $1.2 trillion. food, clothing. aWe can be certain that net exports fall if, French perfume that is purchased in the United States is accounted for in which expenditure, If the United States imported $1.5 billion worth of goods and services and sold $2.9 billion, worth of goods and services outside its borders, net exports would equal. Pellentesque dapibus efficitur laoreet. … sales... 2 points Which of the following is not counted as a part of GDP ? Find GCSE resources for every subject. Learn more about consumer goods in this article. A . Which of the following are most likely classified by economists as consumer durable goods? food, clothingB. The determination of investment in an economy comes from the equality of. Which of the following will occur during a recession? nmage2. Empirical evidence does not suggest a correlation between an economy's productivity and its standard of living. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: A exports exceed imports by $50 billion. 43. A. rake. Access 3.6 million answers at $2/month. Economics . a. stocks, bonds, EE savings bonds, CDs (certificates of deposit) b. automobiles, furniture, CD players b. automobiles, furniture, CD players An increase in the demand for chocolate bars results in. Played 13 times. 11. 13. services. - Definition, Concepts & Examples, Inferior Good in Economics: Definition & Examples, Consumer Products: Convenience, Shopping, Specialty & Unsought Products, What is a Developing Economy? drugs, toys, magazines, booksC. Which of the following best describes human capital? Micro Econ CH 3. automobiles, furniture Which of the following is included in GDP? Which of the following are most likely classified by economists as consumer, 85 out of 98 people found this document helpful. Which of the following statements about growth rates in developing countries is true? This is a step by step verification of the answer by our certified expert. all nonprice determinants are held constant. Which of the following is considered a durable good? A risk averse American business that knows now that it will have to pay a large bill in Mexican pesos next month would do which of the following? 68%. Growth rates are higher than in industrial countries. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. New classical economists believe that the economy cannot correct itself when it is in a recession and must be corrected with monetary or fiscal policy or some combination of both. - Definition & Explanation, What Is Consumer Protection? TextbookMediaPremium. nmage2. the sum of this period’s exports and imports has declined from the previous period. Which of the following best describes human capital? If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: A. exports exceed imports by $50 billion.   Terms.   Terms. Micro Econ CH 3. stocks, bonds. The demand curve is upward sloping because as the price of a good increases, the quantity demanded decreases. If new manufacturers enter the computer industry, then (ceteris paribus): Refer to Figure 4-3. Verified OC2735186’s answer on 25 Jun 2020. A . (2 points) Which of the following are most likely classified by economists as consumer durable goods? A .... 2 points GDP is : - Definition, Characteristics & Features, What Is the Human Development Index? 0. In the circular flow diagram model: 10. The output of a family-owned farm in the Midwestern U.S. Which of the following are most likely classified by economists as consumer durable goods? Intangible items such as theater performances, legal advice, or music streaming that an organization provides to consumers are referred to as. Consumer goods are categorized into non-durable goods and durable goods. Course Hero, Inc. Economics Chapters 9 - 12. 2 points is calculated by taking and then subtracting the value of how much... 2 points If imports exceed exports , as in recent years , then exists . A . Unit 2 Most Missed DRAFT. 63% average accuracy. The _________________________________, was established in 1947 to provide a forum in which nations could come together to negotiate reductions in tariffs and other barriers to trade. Some argue that a nation should not depend too heavily on other countries for supplies of certain key products that might have national security applications. Introducing Textbook Solutions. NEW! Which of the following are most likely classified by economists as consumer durable goods? Which of the following statements is true? Capital or Producers’ Goods: Capital goods are those goods which help in the production of other goods that satisfy the wants of the consumers directly or indirectly, such as machines, plants, agricultural and industrial raw materials, etc. A negative amount of net exports in the GDP expenditures accounting means. bnewcomb_82548. Create your account. All of the following will increase productivity except. 4. Consumer good refers to a tangible product generated and subsequently bought to fulfill the present needs and wants of the consumer. Get one-on-one homework help from our expert tutors—available online 24/7. This is a preview. All rights reserved. Social Studies. Which of the following are most likely classified by economists as consumer durable goods? The European Union, the North American Free Trade Agreement (NAFTA) are examples of: 14. b. Save. A change in quantity demanded and a movement along the demand curve. Find the best study resources around, tagged to your specific courses. How will this raise affect the product market for the product that these employees manufacture? © copyright 2003-2020 Study.com. consumers demand less relatively high-priced goods and more relatively low-priced goods. 0. Preview this quiz on Quizizz. 10th - 12th grade. Gross Domestic Product equals $1.2 trillion. Header search input. Share your own to gain free Course Hero access. Become a Study.com member to unlock this 2. The chain-weighted procedure for measuring GDP uses the same prices, or weights, in each year. Sign up. Which of the following are most likely classified by economists as consumer durable goods? Refer to Figure 5-1. A. food, clothing B. drugs, toys, magazines, books C. automobiles, furniture D. stocks, bonds Which of the following are most likely classified by economists as consumer durable goods? $13.99. the sum of all currency and coins in circulation . Consumer durable goods refer to those goods that have a substantial lifespan, that is, goods that do not deteriorate rapidly. 8. 1) What is a normal good? Which of the following are most likely classified by economists as consumer from ECON 201 at University of Maryland, University College automobiles, furniture. It now... 1. food, clothingB. Services, Consumer Goods: Definition, Types & Examples, Working Scholars® Bringing Tuition-Free College to the Community. B... 2 points Gross Domestic Product equals $ 1200 billion . All other trademarks and copyrights are the property of their respective owners. a day ago. University of Maryland, University College, Strayer University, Owings Mills • ECONOMICS 100, University of Maryland, University College • ECON 201, Ivy Tech Community College of Indiana • ECON 101, Three Rivers Community College • ECON 211, Royal Melbourne Institute of Technology • ECON 1016, Copyright © 2020. Since Baltimore passed the first _______________ in 1994, several dozen cities enacted similar laws in the late 1990s and into the 2000s. 9. Assume that all employees in an industry receive a raise based on a new labor contract. A. rake B. caviar C. movie tickets D. staples E. voting . But nearly all supply curves share a basic similarity: they slope _______________. It's well-established that the Soviet Union was... Are we ever going to stop buying products that are... How can you distinguish between public goods and... Intermediate Goods: Definition & Examples, Differentiated Products: Definition & Examples, Giffen Goods: Definition, Examples & Demand Curve, The Circular Flow of Income: Definition & Model, Economic Needs and Wants: Definition & Concept, Factors of Production in Economics: Definition, Importance & Examples, What is Direct Marketing? Satisfaction guaranteed! This comes under __________________________________ of restricting imports.

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