Which of the following best represents the effects of a decrease in the price of belts, other things being equal?
a. An upward movement along the demand curve for belts.
b. A downward movement along the demand curve for belts.
c. A rightward shift in the demand curve for belts.
d. A leftward shift in the demand curve for belts.
B
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If private savings equals $1.2 billion and private investment equals $1.5 billion, then there is a
A) current account balance. B) government sector deficit. C) private sector deficit. D) private sector surplus. E) government sector surplus.
The table above shows the marginal benefit that arises from providing police protection in an economy of two people, Paul and Art. Police protection is a public good
a) Construct a table of the economy's marginal social benefit from providing police protection. b) What is the economy's marginal social benefit from having 3 police cars on duty?
Attending college is a case where the ________________ exceeds the monetary cost.
A. budget constraint B. marginal analysis C. opportunity cost D. marginal utility
Explain the study of economics
What will be an ideal response?