What are the four components of aggregate demand?
What will be an ideal response?
consumption spending, investment spending, government purchases, net exports
Economics
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Most U.S. imports are
a. manufactured goods b. agricultural services c. petroleum and related products d. minerals such as bauxite and nickel e. military goods
Economics
Which of the following best defines rational behavior?
A. Seeking to maximize total gain regardless of cost B. Analyzing the total gains from a decision C. Seeking to gain by choosing to undertake actions as long as the marginal costs exceed the associated marginal benefits D. Improving net gain by pursuing decisions as long as the marginal benefits exceed the marginal costs
Economics