Refer to the information provided in Table 23.10 below to answer the question(s) that follow. Table 23.10
Refer to Table 23.10. Planned investment equals actual investment at
A. all income levels.
B. an income level of $2,800 million.
C. all income levels below $2,800 million.
D. all income levels above $2,800 million.
Answer: B
You might also like to view...
Which of the following is TRUE?
a. Discount retailers can defeat price discrimination by the manufacturers through arbitrage b. Arbitrage is not an effective way for retailers to defeat price discrimination by manufacturers c. Retailers are incapable of defeating upstream price discrimination once the manufacturer sets prices d. "High End" retailers can defeat price discrimination by the manufacturers through arbitrage
Consumer spending is __________
Fill in the blank(s) with the appropriate word(s).
Mark has $2000 saved for a trip at Spring Break. Over Winter Break, he decide to buy gifts for his family and puts over $500 on his credit card which charges 10% interest on the outstanding balance every month. He pays off the credit card bill gradually over the next two months. An economist would categorize that behavior as:
A. misallocated. B. rational. C. irrational. D. scarce.
What do economists call the study of situations in which people act in ways that do not appear to be economically rational?
a. normative economics b. rational economics c. behavioral economics d. the economics of fairness