The sum of durable goods, nondurable goods, and services equals
A) investment.
B) fixed investment.
C) government purchases.
D) consumption.
E) net exports.
D
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The economic profit of a perfectly competitive firm
A) is less than its total revenue. B) equals its total revenue. C) is greater than its total revenue. D) is less than its total revenue if its supply curve is inelastic and is greater than its total revenue if its supply curve is elastic.
The tables above show the marginal costs and benefits from production and consumption of paper. From this information we can see that there are
A) external costs of producing paper. B) external benefits of producing paper. C) no externalities in production of paper. D) external costs from consuming paper.
Does the saving and investment equation imply that a country's national saving must always equal its domestic investment? Explain
What will be an ideal response?
Based on the Saving-Investment Diagram, if the world real interest rate declines from A to C, then the change in net exports is measured by the difference between values ________
A) G and E B) H and G plus E and D C) H and G minus E and D D) G and F plus F and E E) none of the above