The saving of the government sector is called ________ saving.
A. private
B. public
C. aggregate
D. national
Answer: B
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Profit per unit is the difference between
A) average revenue and average total cost. B) marginal revenue and marginal cost. C) total revenue and total cost. D) average revenue and marginal cost.
According to the table shown, what can be said about the cost of living in 2010?
A. It was lower than in the base year.
B. People experienced a decrease in the cost of living because the CPI is less than 100.
C. People experienced an increase in the cost of living because the CPI isn't over 100.
D. There must have been a recession because the CPI is less than 100.
The tax multiplier is equal to the spending multiplier
a. True b. False Indicate whether the statement is true or false
In terms of market failure, underallocation means the economy ______.
a. is controlled by a single-seller b. is controlled by the government c. has produced too little d. has produced too much