During some year a country had exports of $50 billion, imports of $70 billion, and domestic investment of $100 billion. What was its saving during the year?
a. $80 billion
b. $100 billion
c. $120 billion
d. $150 billion
a
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An unintended effect of a new tax placed on the producers of good A may include
A. a higher price paid by the consumers of good A. B. less consumers' surplus for the buyers of good A. C. fewer workers employed in the production of good A. D. all of the above
If the market price is $3 and a perfectly competitive firm is producing 1,200 units and the marginal cost to produce the 1,200th unit is $4.53, which of the following is true?
A) The difference between marginal revenue and marginal cost (MR - MC) for the 1,200th unit is positive. B) The difference between marginal revenue and marginal cost (MR - MC) for the 1,200th unit is negative. C) The firm should increase production to maximize profit. D) The firm is maximizing profit.
Which of the following strategies are used by business firms to capture consumer surplus?
A) Price discrimination B) Bundling C) Two-part tariffs D) all of the above
If there is surplus of loanable funds, then
a. the supply for loanable funds shifts right and the demand shifts left. b. the supply for loanable funds shifts left and the demand shifts right. c. neither curve shifts, but the quantity of loanable funds supplied increases and the quantity demanded decreases as the interest rate rises to equilibrium. d. neither curve shifts, but the quantity of loanable funds supplied decreases and the quantity demanded increases as the interest rate falls to equilibrium.