For an open economy, which of the following expressions represents saving (S)?
A) I + T - G + NX
B) I + T - G - NX
C) I + G - T + NX
D) G - T + NX - I
E) none of the above
C
Economics
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Which of the following would macroeconomics study?
a. a general rise in prices b. a decline in coffee prices c. the success rate of sandwich shops d. the work habits of students
Economics
For a single-price monopoly,
A) if marginal cost exceeds marginal revenue, profits will increase if output decreases. B) if marginal revenue exceeds marginal cost, profits will increase if output decreases. C) there are several different price and output combinations that maximize profit. D) marginal revenue will be greater than price if demand is elastic. E) marginal revenue will be greater than price if demand is inelastic.
Economics