Markets promote
A) competition and voluntary exchange. B) equity and competition.
C) equity and equality. D) voluntary exchange and equality.
A
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The largest component of aggregate expenditure is
A. government purchases. B. exports. C. consumption. D. investment.
Given its size, the United States does not have to worry about limitations on resources
a. True b. False Indicate whether the statement is true or false
If full employment GDP is $1 trillion greater than equilibrium GDP, and there is a recessionary gap of $400 billion, the multiplier is
A. 1. B. 2.5. C. 4. D. 5.
A country has private saving of $500 billion, public saving of -$100 billion, domestic investment of $150 billion, and net capital outflow of $250 billion. What is its supply of loanable funds?
a. $650 billion b. $600 billion c. $400 billion d. $350 billion