Education accounts for the largest share of state and local government spending.
Answer the following statement true (T) or false (F)
True
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What is an injunction?
What will be an ideal response?
Based on the Saving-Investment Diagram, if the world real interest rate is indicated by A, then ________
A) the difference between values G and E measures the trade surplus B) the difference between values G and F measures the trade surplus C) the domestic real interest rate is indicated by B D) desired saving has decreased E) none of the above
The basic ingredients in any economic decision are
a. scarcity and choice. b. surpluses and shortages. c. market prices and the use of efficient production methods. d. needs and wants.
Jeff decides that he would pay as much as $3,000 for a new laptop computer. He buys the computer and realizes consumer surplus of $700 . How much did Jeff pay for his computer?
a. $700 b. $2,300 c. $3,000 d. $3,700