National saving is the sum of _____ and _____. In a closed economy it is equal to _____ in equilibrium
Fill in the blank(s) with correct word
private saving, public saving, investment
public saving, private saving, investment
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Use a long-run average cost curve graph to illustrate how diseconomies of scale would not make it beneficial for two companies to go through with a merger
What will be an ideal response?
What economic problems persist in Latin America? How has this shaped recent policy in the region and why are changes particularly challenging?
What will be an ideal response?
Which of the following is an example a lack of self-control that contradicts the conclusions of standard economic analysis?
a. Eating more food at an all-you-can-eat buffet b. Playing video games all night even with an exam the following morning that will determine your semester grade c. Decreasing the purchase of steak if the price increases 25% d. all of the above
Which of the following causes an increase in demand for a normal good?
A. decrease in income B. decrease in price C. increase in the price of a substitute D. increase in the price of a complement