Which of the following is not an injection in the circular flow of income?
(a) Exports.
(b) Imports.
(c) Investment.
(d) Transfer Payments.
Answer: (b) Imports.
Economics
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The European Union is an example of regional integration.
a. true b. false
Economics
The price elasticity of demand for higher education is about 1.4. A 5% increase in tuition would lead to:
A. a decrease in enrollment by 7%. B. a decrease in enrollment by 6.4%. C. a decrease in enrollment by 3.6%. D. a decrease in enrollment by 2.8%.
Economics
When the addition to a monopolist's total profit is negative from selling another unit, then it follows that
A. MR > MC. B. MR > ATC. C. MR = MC. D. MR < MC.
Economics