Refer to the above figure. The figure represents the consumption function for a consumer. Point A represents
A) positive saving. B) negative consumption.
C) autonomous consumption. D) zero saving.
C
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Costs in a natural monopoly are lower because there is only one producer
a. True b. False Indicate whether the statement is true or false
According to conservatives the Bureau of Labor Statistics
A. overstates the number of unemployed and overstates the unemployment rate. B. overstates the number of unemployed and understates the unemployment rate. C. understates the number of unemployed and understates the unemployment rate. D. understates the number of unemployed and overstates the unemployment rate.
(Consider This) Martha's Milkshake Company buys earthquake insurance from the Stable Ground Insurance Company. Based on this purchase, economists would conclude that:
A. Martha's believes a damaging earthquake is imminent. B. Stable Ground believes no damaging earthquakes will occur. C. Martha's has a lower tolerance for earthquake risk than Stable Ground. D. Martha's has a greater tolerance for earthquake risk than Stable Ground.
An increase in the public debt would most likely indicate that
A. the budget deficit has decreased. B. the budget deficit has increased. C. national saving has increased. D. the trade deficit has decreased.