Use the following graph for a private closed economy (an economy with only a private sector and no international trade) to answer the next question. In this economy, investment is
A. $50 billion.
B. $150 billion.
C. $100 billion.
D. $200 billion.
Answer: C
Economics
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All else equal, if oil prices decrease, annual oil consumption will ________ and the years it will take to deplete the stock of oil will most likely ________
A) decrease; increase. B) decrease; decrease C) increase; increase D) increase; decrease
Economics
What is the relationship between the marginal cost, minimum supply-price, and supply?
What will be an ideal response?
Economics