If the price of a good in a closed economy is lower than the world price, then with an open economy this country will be a ________ of that good.
A. net exporter
B. net importer
C. price taker
D. price setter
Answer: A
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If C = $7,000 . + 0.75(Y) and intended investment is $2,000 . then the equilibrium level of national income will be
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