According to the text, government licensing frequently enables monopoly in
A) agriculture.
B) electricity production.
C) mining.
D) retail sales.
Answer: B
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Using the data in the above table, if exports = $1,150 billion and the private sector runs a surplus of $300 billion, the government sector will run
A) a surplus of $150 billion. B) a surplus of $450 billion. C) a deficit of $150 billion. D) a deficit of $450 billion.
For Keynes, the most important determinant of employment and output is _____.
Fill in the blank(s) with the appropriate word(s).
The marginal propensity to save is
a. the change in saving divided by the change in income b. the change in income divided by the change in saving c. saving divided by income d. income divided by saving e. saving divided by consumption
When prices increase, the real interest rate
A. will decrease and total planned spending on goods and services will decrease. B. will increase and total planned spending on goods and services will decrease. C. will increase and total planned spending on goods and services will increase. D. will not be affected.