Which of the following equations correctly represents the given data?
Answer the question on the basis of the following data:
A. Y d = 40 + .6C.
B. C = 60 + .4Y d .
C. C = 40 + .6Y d .
D. C = .6Y d
C. C = 40 + .6Y d .
You might also like to view...
Suppose a recent and widely circulated medical article reports new benefits of exercise. Simultaneously, the price of the parts needed to make bikes falls. What is the likely effect on the equilibrium price and quantity of exercise bikes sold?
A. Price of exercise bikes remains the same and quantity sold increases. B. The change in price is ambiguous, but the quantity sold increases. C. Price of exercise bikes decreases and quantity sold remains the same. D. Price of exercise bikes increases and quantity sold also increases.
For developing countries, one of the more effective ways to become more developed is
A. to invest in human capital. B. to reduce direct foreign investment. C. to increase trade barriers. D. to invest more in the military.
Refer to Table 2-12. Honduras has a comparative advantage in the production of
A) sailboats. B) canoes. C) both products. D) neither product.
A firm becomes a multinational enterprise when
A) it lists its stock on a stock exchange other than the one in its home country. B) it undertakes foreign direct investment. C) it undertakes foreign portfolio investment. D) Any of the above.