The real rate of interest
A. is always negative.
B. can be negative.
C. can never be negative.
D. is always zero.
B. can be negative.
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Based on the circular flow diagram, which of the following is part of a circular flow?
a. rest of the world’s expenditures on exports and government purchases of goods
b. household expenditures on goods and government purchases of goods
c. household expenditures on goods and firms paying wages
d. taxes paid to government and firms borrowing for investment
GDP per person
What will be an ideal response?
A legal limit on the amount of sugar imported into the United States is
A) a tariff. B) a subsidy. C) a quota. D) a voluntary import restriction.
Explain why crossing indifference curves would lead to a logical inconsistency
What will be an ideal response?