Suppose output is $440 billion, government purchases are $40 billion, desired consumption is $320 billion, and net exports are $35 billion. Then desired investment equals
A) $20 billion.
B) $30 billion.
C) $35 billion.
D) $45 billion.
D
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A depression is a particularly severe and protracted recession
Indicate whether the statement is true or false
Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is $20, what is Giuseppe's profit-maximizing output?
A) 2 pizzas per hour B) 3 pizzas per hour C) 4 pizzas per hour D) 0 pizzas per hour
A country is strongly outward-oriented if there is less or no control on international trade
a. True b. False Indicate whether the statement is true or false
If a person gives a gift to another person, an economist would say that it is because
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