The trade balance component of aggregate demand is a function of all the following EXCEPT:
a. foreign disposable income.
b. domestic disposable income.
c. the real exchange rate.
d. consumer spending.
Ans: d. consumer spending.
Economics
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The marginal revenue curve of a firm coincides with the average revenue curve under perfect competition
a. True b. False Indicate whether the statement is true or false
Economics
If government were to regulate a monopolistically competitive market by setting a single price, a consequence would be:
A. more output supplied to the market. B. less product variety. C. lower prices in those markets. D. All of these statements are true.
Economics