The difference between ________ is known as the trade balance
A) consumption and imports B) investment and consumption
C) exports and imports D) production and exports
C
Economics
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If the equilibrium price of a good decreases and the equilibrium quantity of the good decreases, we can conclude that
A) demand decreased. B) supply increased. C) demand increased. D) supply decreased.
Economics
The figure above illustrates the problem of overcrowding and external costs experienced during the summer months in the state park
If the market is unregulated, in equilibrium the external cost of visiting the state park is given by the distance between A) points H and G. B) points I and F. C) points F and G. D) points G and K.
Economics