Which of the following features are relevant for determining the extent of a market?
A. Its geographical boundaries
B. Technological innovations that would reduce the cost of
production
C. The range of products to be included in it
D. both A and C
E. both A and B
F. both A and C
D. both A and C
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Aggregate expenditure is equal to
A) C - I - G - NX. B) Y + C + I + G + NX. C) C + I + G - NX. D) C + I + G. E) C + I + G + NX.
A rational individual would be indifferent between ________ today and ________ four years from today if the interest is 20 percent
A) $100, $100 B) $48, $100 C) $30, $100 D) $100, $48
The real minimum wage has increased significantly over the last 40 years
a. True b. False Indicate whether the statement is true or false
According to the following graph, at point B,
The consumer's income is $1,200.
A. the consumer will receive more Y for each unit of X exchanged in the market than at point A. B. the rate at which the consumer is willing to substitute X for Y is greater than it is at point A. C. the consumer is willing to give up more Y in order to gain an extra unit of X than at point A. D. both a and b E. all of the above