Consumption Consists of Spending by Households on Goods and Services,with

question 191

Multiple Choice

Consumption consists of spending by households on goods and services,with the exception of

• A)purchase of intangible services.
• B)purchases of durable goods.
• C)purchases of new houses.
• D)All of the above are exceptions.

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Definitions:

Richard Hakluyt

An English writer and geographer known for promoting the exploration and settlement of North America by the British in the late 16th and early 17th centuries.

Fifteenth-Century African Society

Refers to the diverse cultures, kingdoms, and social structures that existed on the African continent during the 1400s, marked by a flourishing of trade, arts, and scholarly work, especially in West Africa.

Gender

A social construct that involves the roles, behaviors, activities, expectations, and societal norms associated with being male, female, or other gender identities.

European Outposts

Locations or settlements established by European countries in foreign territories, often for trade, military, or colonial purposes.