Consumption Spending Includes Spending On

question 36

Multiple Choice

Consumption spending includes spending on:

• A)durables, nondurables, and services.
• B)stocks, bonds, and other financial instruments.
• C)capital goods, residential housing, and changes in inventories.
• D)goods and services by federal, state, and local governments.

---

Definitions:

Permanence

The state or quality of lasting or remaining unchanged indefinitely.

Coordination of Secondary Schemes

A developmental stage in infants around 8-12 months where they begin to combine learned behaviors in new ways.

Tertiary Circular

Relates to a stage in Piaget’s theory of cognitive development involving the purposeful adaptation of established behaviors in new contexts, observed in toddlers.

Mental Combinations

The cognitive process of putting together distinct ideas or concepts to form new knowledge or understanding.