In an open economy, gross domestic product equals $3,500 billion, consumption expenditure equals $2100 billion, government expenditure equals $400 billion, investment equals $800 billion, and net exports equals $200 billion. What is national savings?
a. $200 billion
b. $600 billion
c. $800 billion
d. $1,000 billion
d
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Approximately 60 percent of the funds flowing to nonfinancial businesses come from ________
A) hedge funds B) financial intermediaries C) organized exchanges, like the New York Stock Exchange D) insurance companies
Refer to the table below. The perfectly competitive firm has a random demand with a 50 percent chance of being $5 and a 50 percent chance of being $7. What quantity should the firm produce to maximize its expected profit?
The above table summarizes the marginal cost of production at various quantity levels for a perfectly competitive firm.
A) 110
B) 120
C) 100
D) 130
Price leadership is an example of explicit collusion by oligopolies
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 10.2 below to answer the question(s) that follow. 
Figure 10.2 Refer to Figure 10.2. This firm's marginal cost curve has shifted from MC0 to MC1. A profit-maximizing firm should ________ the amount of output produced and ________ its demand for labor.
A. increase; decrease B. decrease; decrease C. keep constant; increase D. increase; increase