Refer to the diagram. Consumption equals disposable income when:
A. disposable income is B.
B. disposable income is D.
C. CD equals A.
D. B equals CD.
A. disposable income is B.
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The make-up of the Governing Council of the European Central Bank and the methods used to calculate price stability for the monetary system can potentially result in:
A. a policy for the median country rather than a policy well suited for any country. B. monetary policy that is well suited for some countries but ill-suited for others. C. small countries having undue influence on the decisions of the Council. D. all of the results listed are possible.
For the perfectly competitive firm, the marginal revenue is always
A. Increasing. B. Decreasing. C. Constant. D. Equal to average total cost.
In order to have a stable economy, what is the necessary relationship between income and spending? What must then be the relationship between leakages and injections?
What will be an ideal response?
Many low-income countries are unable to provide a fertile climate for domestic economic growth and to attract foreign investment because
a. they lack sufficient natural resources. b. their populations are self-sufficient. c. they lack economic and legal stability. d. they are located in difficult to access regions.