Which of the following is included in the government expenditure component of the expenditure approach to GDP?
A) state government expenditure on local schools
B) transfer payments
C) changes in inventories
D) taxes
A
Economics
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Which of the following would cause a decrease in the price of a good?
A) an increasing shift in the supply of a good and no shift in demand B) a decreasing shift in the supply of a good and no shift in demand C) an increasing shift in the demand for good and no shift in supply D) an increasing shift in the demand for good and a decreasing shift in supply
Economics
If the market price in a competitive market is below the minimum of average variable cost the firm will shut down
Indicate whether the statement is true or false
Economics