If an economy is closed and wishes to increase its investment spending:
A. its only source of funding is domestic saving.
B. its sources of funding are domestic and foreign saving.
C. the government will need to increase its spending to provide for this.
D. the government will increase taxes to provide for this.
A) its only source of funding is domestic saving
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The greatest number of people who live on $1.90 a day live in:
A. China. B. South Asia. C. sub-Saharan Africa. D. None of these is true.
Define the following terms and explain their importance to the study of economics
a. demand b. surplus c. equilibrium d. law of supply and demand e. quantity demanded
As shown in Exhibit 3, what is the total welfare from imports experienced by consumers and producers after free trade is allowed?
a. d
b. b + d
c. a + b + d
d. a + b + c + d
If demand decreases and supply increases, which of the following is correct? Question 24 options:
A. The equilibrium price falls but the impact on the equilibrium quantity is ambiguous. B. The equilibrium price rises but the impact on the equilibrium quantity is ambiguous. C. The equilibrium quantity increases but the impact on the equilibrium price is ambiguous. D. The equilibrium quantity decreases but the impact on the equilibrium price is ambiguous. E. The equilibrium price falls and the equilibrium quantity decreases.