The difference between exports and imports of goods is the
A) balance of trade.
B) balance of payments.
C) balance of accounts.
D) balance of paying.
A
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In Figure 11.1, an increase in the marginal propensity to consume is represented by a change in the consumption function from
A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.
In the above figure, the competitive unregulated equilibrium is producing and consuming ________ vaccinations per year at a price of ________
A) 30 thousand; $40 B) 30 thousand; $30 C) 30 thousand; $20 D) 50 thousand; $30
A corporation has legal status like an individual citizen
a. True b. False Indicate whether the statement is true or false
The marginal revenue product schedule is
A. a supply schedule. B. a demand schedule. C. neither a demand nor supply schedule.