A monthly budget can help you achieve financial security by
What will be an ideal response?
increasing your financial awareness and helping you allocate your funds more effectively.
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Suppose a single-price monopoly sells 3 units of a good at $20 per unit. If the monopoly sells 4 units, the total revenue increases to $72. What price is being charged for 4 units?
A) $52 each B) $18 each C) $60 each D) $12 each E) $20 each
If a country is currently borrowing more from the rest of the world than it is lending to the rest of the world, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
Refer to Figure 8.1. The profit-maximizing output is
A) 30. B) 54. C) 60. D) 67. E) 79.
Authoritarian political regimes
a. never produce sound economic institutions, due to corruption. b. have produced movement toward sound economic institutions in Chile, South Korea and several other nations. c. will generally produce sound economic institutions and policies. d. are necessary for the emergence of sound institutions, but not for their continued operation.