Final Consumption Expenditures Do Not Include Household Purchases of

question 221

Multiple Choice

Final consumption expenditures do not include household purchases of

• A)dental care.
• B)social workers salaries.
• C)road construction.
• D)clothing purchases by households.
• E)medication.

---

Definitions:

Isocost Equation

An equation that represents all combinations of goods that can be purchased given a fixed cost and the prices of goods.

Input Mix

The combination of various types of inputs used in the production process.

Memo Pads

Stationery items consisting of small sheets of paper for brief notes, reminders, or messages.

Short Run

A period in which at least one input or factor of production is fixed, allowing only some inputs to change.