The law of demand says that
a. the customer is always right
b. quantity supplied equals quantity demanded
c. price and quantity supplied are inversely related
d. price and quantity demanded are inversely related
e. income and quantity demanded are directly related
D
Economics
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Which of the following is probably producing positive externalities?
A) A citizen who becomes well-informed about community issues B) A homeowner who maintains a beautiful lawn C) A person with an engaging smile D) All of the above. E) None of the above.
Economics
Suppose output is $35 billion, government purchases are $10 billion, desired consumption is $15 billion, and desired investment is $6 billion. Absorption is equal to
A) $25 billion. B) $31 billion. C) $35 billion. D) $39 billion.
Economics