In the loanable funds market, the supply comes from
A) saving, the government budget surplus and international borrowing.
B) only saving and the government budget surplus.
C) only saving.
D) only the government budget surplus and international borrowing.
A
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Which of the following CANNOT be a source of comparative advantage?
A) Climate B) Resource stock available C) Education of workforce D) Domestic prices of goods and services
Which of the following is not included in the rules of the game?
a. The laws, customs, conventions, and other institutional elements associated with trade b. Property rights c. Ensuring that the market process generates a fair price for all d. A stable political environment e. A stable legal system
If both market demand and supply decrease simultaneously, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____
a. increase; increase b. indeterminate; decrease c. decrease; indeterminate d. decrease; decrease
If you receive $18 worth of pleasure from the first hole of golf played and your additional pleasure from succeeding holes drops $1 for each hole played, if the cost per hole is zero, how many holes of golf will you play?
A. 19 B. 18 C. 17 D. 16