Which types of expenditures (From the GDP formula) are entirely autonomous, according to Keynes?

The United States provides a reasonable illustration of

A. a mixed economy. B. a pure market system. C. a government-dominated economy. D. a manufacturing economy. E. a transitioning economy.

If the cross elasticity of demand between goods A and B is negative

A) the demands for A and B are both price elastic. B) the demands for A and B are both price inelastic. C) A and B are complements. D) A and B are substitutes.

The social cost of cutting trees for firewood in a government forest is

A) the increased likelihood of flooding as more trees are cut. B) opportunity cost to the individual of cutting the wood. C) the increased likelihood of flooding as more trees are cut plus the private cost of cutting the trees. D) the marginal costs of cutting the last tree.

Alice has $10 to spend on wine and cheese. If wine is $2.50 a glass and cheese $2, draw the corresponding budget line. Then draw three indifference curves, one showing the amount of wine and cheese Alice would choose, one showing less preferred combinations of wine and cheese, and the last showing preferred but unaffordable combinations