Based on Table 9.2, total savings, private plus public, is equal to
A) 3 percent of GNP.
B) 18 percent of GNP.
C) 16 percent of GNP.
D) 20 percent of GNP.
E) None of the above.
C
Economics
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You are analyzing the demand for good X. Which of the following will result in a shift to the right of the demand curve for X?
A) A decrease in the price of X B) An increase in the price of a good that is a complement to good X C) An increase in the price of a good that is a substitute for X D) all of the above
Economics
Markets tend to produce too little of an excludable public good because
A) transaction costs are high. B) of the lack of rivalry. C) these goods are depletable. D) All of the above.
Economics