A company is selling wacky waving inflatable arm guys for very low prices, why is this?
a. there is a shortage
b. there is a surplus
c. the company cannot meet consumer demand
d. equilibrium price has been reached
Ans: b. there is a surplus
Economics
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Indicate whether the statement is true or false
Economics
In a small open economy,
Sd = $5 billion + ($100 billion) rw, Id = $10 billion - ($50 billion) rw, Y = $50 billion, G = $3 billion, rw = .06. (a) Calculate the current account balance. (b) Calculate net exports. (c) Calculate desired consumption. (d) Calculate absorption.
Economics