Consumption Expenditure Includes Spending

question 231

Multiple Choice

Consumption expenditure includes spending

• A)on intermediate goods and services by firms.
• B)on office supplies by firms.
• C)by households.
• D)by households and spending on office supplies by firms.
• E)by governments when they are buying goods and services that consumers also buy.

---

Definitions:

Political Science

The study of governments, public policies, political processes, systems, and political behavior.

Liberal

A political or social philosophy advocating for free individual rights, democracy, and reform.

Moderate

Exhibiting average or medium degrees in any measurable quality, avoiding extremes.

Conservative

A political or social philosophy that emphasizes the importance of preserving traditional values and institutions.