Refer to the above figure. Saving occurs at
A) only at point A.
B) to the left of point B.
C) only at point B.
D) to the right of point B.
D
You might also like to view...
The problem of political instability has been greatest in which continent?
A. South America B. Europe C. Asia D. Africa
Refer to the above diagram, in which Qf is the full-employment output. If the economy's present aggregate demand curve is AD2:
A. the economy is achieving its maximum possible output. B. the most appropriate fiscal policy is an increase of government expenditures or a reduction of taxes. C. the most appropriate fiscal policy is a reduction of government expenditures or an increase of taxes. D. government should undertake neither an expansionary nor a contractionary fiscal policy.
A newspaper recently lowered its price from 50 cents to 30 cents, causing the number of newspapers sold to increase from 240,000 to 280,000. Other things equal, the data imply that the elasticity of demand for this newspaper is about:
A. 0.15. B. 0.3. C. 0.5. D. 3.25.
What is the law of comparative advantage, and why is it important in international trade?