GDP in an economy is $4,600 billion. Consumer expenditures are $3,500 billion, government purchases are $900 billion, and gross private domestic investment is $400 billion. Net exports are:
a. -$400 billion
b. +$200 billion
c. +$400 billion
d. -$200 billion
d. -$200 billion
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Interest-rate risk is the riskiness of an asset's returns due to
A) interest-rate changes. B) changes in the coupon rate. C) default of the borrower. D) changes in the asset's maturity.
In contrast to richer countries, most residents of poorer nations will have
A. only some primary education. B. primary and secondary education. C. higher education. D. higher levels of productivity.
Explain the three characteristics of utility
Please provide the best answer for the statement.
Refer to the information in Figure 16.5 below to answer the question(s) that follow.
?Figure 16.5Figure 16.5 shows the marginal benefits of emitting pollution for the only two chemical companies in an industry, Alpha Chemicals and Beta Chemicals. Before any tax on pollution emissions is imposed, each company views pollution as being free.Refer to Figure 16.5. The government decides to impose a tax on pollution emissions to cut total emissions in this industry in half, and based on this decision it has set the tax at $100 per ton of emissions. Following the implementation of this tax, Beta will reduce its emissions to ________ tons.
A. 25 B. 50 C. 75 D. 100