If S = 250, T = 170, NX = -20, this makes government saving

A) -50.
B) -70.
C) 70.
D) 50.
E) -100.

E

Economics

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Lizzie's budget line is shown in the figure above. If Lizzie's income is $20, which of the following formulas represents her budget equation?

A) QC = 20 + QM B) QC = 20 - QM C) QC = -20 + 2 QM D) QC = 20 - 2QM

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Refer to Figure 3-2. A technological advancement would be represented by a movement from

A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.

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