For an economy, aggregate demand equals
a. consumption plus investment plus government purchases plus exports.
b. consumption plus investment plus government purchases plus (exports minus imports).
c. consumption plus investment plus (taxes minus transfers) plus (exports minus imports).
d. consumption plus investment plus government purchases plus (imports minus exports).
B
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Economists call the influences of the decisions of others on our decisions ________
A) peer effects B) moral hazard C) externalities D) cluster effects
The above table gives Sue's marginal utility schedules for sub sandwiches and Mountain Dew, the only products Sue consumes. Suppose the price of a sub sandwich is $4 each and the price of a Mountain Dew is $2 each. Sue's income is $12
If Sue is at a consumer equilibrium, she eats ________ sub sandwich(es) and drinks ________ Mountain Dews. A) 0; 6 B) 1; 4 C) 2; 2 D) 3; 0
In the figure above, a single-price unregulated monopoly sets a price equal to
A) a. B) b. C) c. D) d.
What are the two defining features of a public good?
a. excludability and rivalrous consumption b. common pool consumption and positive externalities Incorrect. Please review Top Ten Concept # 9. c. negative externalities and excludability d. rivalrous consumption and common pool consumption e. non-excludability and non-rivalrous consumption