The above table has data from the nation of Atlantica. Based on these data, the amount of autonomous consumption is
A) $7.5 trillion. B) $0.5 trillion. C) $6.0 trillion. D) $1.0 trillion. E) $1.5 trillion.
E
You might also like to view...
If a 10% increase in the price of one good results in no change in the quantity demanded of another good, then it can be concluded that the two goods are
A. complements. B. substitutes. C. inferior. D. unrelated.
The Apple iPhone is sold in a box labeled "Made in China." A study by economists at the Asian Development Bank found the value of the iPhone components China ________ U.S. firms is ________ the value of assembling the iPhones in Chinese factorie
A) imports from; less than B) imports from; greater than C) exports to; greater than D) exports to; equal to
The money market model is concerned with ________ and the loanable funds market model is concerned with ________
A) short-term nominal interest rates; long-term real interest rates B) short-term nominal interest rates; long-term nominal interest rates C) short-term real interest rates; long-term nominal interest rates D) short-term real interest rates; long-term real interest rates
Which of the following would not be considered a market distortion:
a. minimum wage b. union-negotiated wage c. monopsony wage d. efficiency wage e. all of the above are market distortions