Another term for "economic models" is

A) economic systems.
B) economic theories.
C) economic science.
D) economic institutions.

B

Economics

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In the figure above, potential GDP equals

A) $15.5 trillion. B) $16.0 trillion. C) $16.5 trillion. D) None of the above answers is correct.

Economics

College students living off-campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese. When they finish school and start careers, their consumption of both goods frequently declines. This suggests that ramen noodles and boxed

macaroni and cheese are: A. inferior goods. B. normal goods. C. complementary goods. D. substitute goods.

Economics