For Most Consumers, Blu-Ray Players and Blu-Ray Discs Are Likely

question 38

Multiple Choice

For most consumers, blu-ray players and blu-ray discs are likely to be:

• A) substitute goods.
• B) complementary goods.
• C) inferior goods.
• D) independent goods.

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Definitions:

Government Purchases

Expenditures by the government on goods and services that are part of a country's national budget.

Net Exports

The difference between a country's total value of exports and total value of imports; positive net exports mean a country exports more than it imports.

Transfer Payments

Transactions where no goods or services are exchanged, involving the reallocation of money from one party to another, often by the government to support individuals or groups.

Government Purchases

Expenditures made by the government for goods and services that directly satisfy public needs or initiate government activities.