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.

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Definitions:

Social-Learning Theory

A theory that suggests people learn new behaviors through observation and imitation of others, rather than through direct experience.

Psychoanalytic Theory

A theory of personality development, originated by Sigmund Freud, which emphasizes unconscious motives and conflicts.

Observational Theory

A framework suggesting that learning occurs through observing the behaviors of others and the outcomes of those behaviors.

Sensorimotor Stage

The first of the four stages in Jean Piaget's theory of cognitive development, occurring from birth to about 2 years of age, where infants learn about the world through their senses and motor activities.