occurs at the point where the demand curve and supply intersect
What will be an ideal response?
equilbrium
Economics
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If the consumption function is C = 25 + 0.9y and income increases by $100, then savings will increase by
A) $10. B) $25. C) $90. D) $115.
Economics
The table above gives data for the nation of Syldavia. The official settlements account has a
A) $40 billion surplus. B) balance of $380 billion. C) $30 billion deficit. D) zero balance. E) $40 billion deficit.
Economics
A sole proprietorship is limited to how many owners?
A) 1 B) 2 C) 10 D) There is no limit to the number of owners.
Economics
Explain the concept of a risk premium. What purpose do risk premiums serve?
What will be an ideal response?
Economics