Refer to above figure. In the absence of trade, how many Widgets does this country consume?
What will be an ideal response?
60
Economics
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In the savings function S = -725 + 0.25y, 0.25 is the
A) MPS. B) slope of the consumption function. C) MPC. D) vertical intercept of the savings function.
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Frictional unemployment is inevitable because the economy is always changing
a. True b. False Indicate whether the statement is true or false
Economics
If the Federal Reserve wants to increase the availability of money and credit, it can:
A. lower the discount rate. B. raise the reserve requirements. C. sell U.S. government bonds to the public. D. encourage banks to increase their prime lending rate.
Economics
A good that has external benefits associated with its production will be
A) produced at the optimal level. B) underproduced. C) overproduced. D) not produced.
Economics