A consumer will continue to purchase items until the budget is exhausted and ________ ________ is equal
a. consumer surplus
b. marginal utility
c. marginal cost
d. consumer deficit
b
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Explain how savings equals investment in a closed capitalist economy?
What will be an ideal response?
A devaluation of the home currency
A) makes foreign goods and services cheaper relative to those sold at home. B) makes domestic goods and services more expensive relative to those sold abroad. C) decreases demand and output. D) increases demand for domestic goods and services. E) increases output and makes domestic goods and services cheaper relative to those sold abroad.
The key element in preserving a monopoly is
A. government subsidy of critical enterprises. B. keeping potential rivals out of the market. C. guaranteeing availability of substitute products. D. increased advertising expenditure.
You receive an e-mail from a firm proposing the following business deal. They will send you $1,000 now, and in exchange you will send them $1,100 in one year. You will just break even from this deal if the interest rate is:
a. 12%. b. 4%. c. 6%. d. 10%.