Identify the correct statement
a. Autonomous consumption equals saving when disposable income is equal to zero.
b. Saving is equal to consumption when autonomous consumption is zero.
c. The savings function always has a positive intercept when autonomous consumption is positive.
d. The consumption and saving function intersect each other when disposable income is zero.
e. Autonomous consumption is positive even when disposable income is zero.
e
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Use the figure below to answer the following question.
If actual production and consumption occur at Q1 and the price is P1
A. deadweight loss equals area b. B. producer surplus equals area c + b. C. consumer surplus equals area a + b. D. consumer surplus equals area a.
Simple interest in calculated on which of the following?
a. Only on the principal amount b. Only on the accumulated interest c. On the principal amount plus the accumulated interest d. Only on the capital gain
Which of the following must be true if average total costs are rising?
a. Average fixed costs must be rising. b. Total fixed costs must be rising. c. Average variable costs must be falling. d. Marginal costs must be greater than average total costs.
Explain the criticisms of labor and environmental clauses and how these are being addressed in the TPP
What will be an ideal response?