If, for a given disposable income level, the disposable income line lies above the consumption curve, saving:

A. equals consumption.
B. is greater than zero.
C. is less than zero.
D. is equal to zero.


Answer: B

Economics

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Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in consumption

All else equal, if the government decided to impose a tax on soda, the equilibrium quantity of soda would ________ and the equilibrium price of soda would ________. A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase

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Explain whether it is possible for a country to have an absolute advantage in the production of a product without having a comparative advantage in the production of that product

What will be an ideal response?

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Opportunity cost can best be defined as the

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