Which of the Following Would Not Be an Expenditure on a Final

question 10

Multiple Choice

Which of the following would not be an expenditure on a final good or service?

• A)a farmer's purchase of a pound of hamburger
• B)a medical clinic's purchase of flu vaccine
• C)a factory's purchase of a spot welding machine
• D)the purchase of a cup of coffee at a restaurant
• E)a college student's purchase of a textbook for a medieval history class

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Definitions:

Conspicuous Consumption

The practice of purchasing goods or services for the direct purpose of displaying wealth or social status rather than for practical reasons.

Leisure Class

A social class that has the means to live without the necessity for active economic productivity, often associated with conspicuous consumption and leisurely lifestyles.

Veblen

Pertains to theories or concepts related to economist Thorstein Veblen, especially concerning conspicuous consumption and social status.

Counterfeit Products

Imitations of genuine products that are made to deceive consumers into thinking they are purchasing authentic items.