A large portion of foreign aid from IACs to DVCs is provided on the basis of:

The above figure plots income and consumption in a nation. In 2007

A) consumption was equal to $25,000 and income was equal to $28,000. B) consumption was equal to $28,000 and income was equal to $25,000. C) consumption was equal to $25,000 and income was equal to $25,000. D) consumption was equal to $27,000 and income was equal to $31,000.

If a pizza seller reduces its prices, the price cut will

A) have no effect on the demand for competing sellers' pizza. B) increase the seller's gross revenue. C) increase the seller's net revenue. D) shift the seller's demand curve if competing pizza sellers match the price decreases.