Which of the following is most likely to be overconsumed?
A. Free water
B. Tap water
C. Sparkling water
D. Bottled water
Answer: A
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If Finland has an absolute advantage in the production of two goods compared to Latvia, Finland can still benefit from trade with Latvia
Indicate whether the statement is true or false
Holding other factors constant, if a tax increase moves the government budget from deficit to surplus, then the real interest rate will ________ and the equilibrium quantity of national saving and investment will ________.
A. increase; not change B. decrease; decrease C. decrease; increase D. increase; increase