According to Keynes, a pessimistic outlook causes consumers and businesspersons to ____, and a recession could occur.
A. increase planned investment
B. decrease planned spending
C. increase exports
D. decrease imports
E. decrease saving
Answer: B
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The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). At the current price of 35ยข per minute, consumer surplus equals
A) $301. B) $924.50. C) $1,225.50. D) $1,250.
What forces shaped the culture in the country of UAE and Dubai in particular? How similar or different are these forces from those that shaped the culture of Western nations?
What will be an ideal response?
Entrepreneurial ability is defined as the ability to ______.
a. invent economic goods that will change society b. inspire others to reach their professional potential c. negotiate the lowest prices for scarce resources d. develop new products or production processes
Which of the following examples would likely have the lowest elasticity of demand if the price of the product changed?
a. Ramon spends $5 of his weekly paycheck of $1,500 on yogurt. b. Cynthia spends $200 of her weekly paycheck of $1,000 on clothes. c. Karl spends $50 of his weekly paycheck of $1,200 on music streaming. d. Yuna spends $800 of her weekly paycheck of $2,000 on a HD television.