A surplus tends to put ________ pressure on the price of the product, which ________ the quantity supplied
A) upward; increases
B) upward; decreases
C) downward; increases
D) downward; decreases
D
Economics
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Refer to Figure 4.8. How many stable Nash equilibrium points are there in this game?
A) 0 B) 1 C) 2 D) 3
Economics
A budget surplus means that:
A. Government expenditures are greater than revenues in a given year B. Government revenues are greater than expenditures in a given year C. A nation's exports are greater than its imports D. A nation's imports are greater than its exports
Economics