In a closed economy, income equals:
A. consumption plus net exports.
B. consumption plus savings.
C. consumption minus savings.
D. savings plus investment.
B. consumption plus savings.
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Samia makes $8,000 a month. Samia spends $2,500 on rent and related household expenses, $500 on food, $200 on clothes, $500 on entertainment and $600 on transportation. She always keeps $200 for things like the car breaking down
$3,500 is invested in the stock market. Which of the following statements is TRUE? A) The transactions demand for money is $4,300, the precautionary demand is $200 and the asset demand is $0. B) The transactions demand for money is $4,300, the precautionary demand is $200 and the asset demand is $3,500. C) The transactions demand for money is $3,500, the precautionary demand is $200 and the asset demand is $4,300. D) The transactions demand for money is $4,300, the precautionary demand is $3,500 and the asset demand is $200.
Using a graph, illustrate what the market effects of a quota, a tariff, or a complete ban on imports would be
What will be an ideal response?
Betsy's utility depending from her consumption of coffee is shown in the table above. Betsy's marginal utility from the 3rd cup of coffee per day is
A) 30. B) 85. C) 90. D) 10.
Identify the correct statement from the following
a. Modern telecommunications turned cities like Omaha and Bangalore into new resources for the world. b. Being only 10 hours away from most of the industrial world enabled Anchorage, Alaska to become the busiest cargo airport in the world. c. Call centers in the U.S. set up shop in small towns to prevent large-scale migration to bigger cities. d. Unless a city is in an advantageous location for conducting any form of business, it is difficult to boost its economy in today's world.