The phrase "leakages equal injections" means:
a. that money lost buying imports equals the money injected from people in foreign countries buying our exports.
b. that government must purchase surplus grain and other agricultural commodities to inject enough income into the farm economy to make up for leakages due to floods and other natural disasters.
c. that aggregate income arising from the production of goods and services equals the aggregate expenditures on that production.
d. that total consumption of households equals total investment of the firms.
c
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Whenever MC of the last unit produced of a good is greater than its MU, society can benefit from decreasing the output of that good.
Answer the following statement true (T) or false (F)
An individual buys a bond for $1,000 and sells it one year later for $1,050. What is the annual interest rate return that this individual has received on this bond?
A) 5.0 percent B) 50.0 percent C) 7.5 percent D) 4.0 percent E) 0.05 percent
What is utility analysis? What is the goal of this analysis?
What will be an ideal response?
Once produced, Nonexcludable goods are _____
a. difficult to keep employees from stealing b. difficult to keep people from consuming without paying for them c. difficult to keep people from consuming at any price d. available to anyone if they want to pay for it