In the classical model, the interest rate will adjust to equate
A. saving with investment.
B. the economic growth rate with the growth rate of import spending.
C. export spending with import spending.
D. consumption spending with real GDP.
Answer: A
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Under the cartel, the individual firm's quantity is (assuming it obeys its quota) 
Figure 42.2
A. Q1. B. Q2. C. Qa. D. Qb.
A public good
a. possesses the characteristic of nonrivalry in consumption b. is one whose benefits cannot be shared c. is provided by the public sector d. has nonexcludable benefits e. both (a) and (d)
A good is non-rival in consumption if ________
A) one person's use of the good does not preclude consumption by others B) the government can regulate its production C) people cannot be prevented from using it D) the demand for the good increases with an increase in the consumer's income
Which of the following is the most common form of a business organization?
A) corporation B) partnership C) sole proprietorship D) subchapter S corporation