In 2009, household spending was the smallest component of total spending in the U.S. economy
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The above figure shows the market for steel ingots. If the market is competitive, then
A) the socially optimal quantity of steel is zero. B) the socially optimal quantity of steel of 50 units is produced. C) the socially optimal quantity of steel of 100 units is produced. D) more than the socially optimal quantity of 50 units of steel is produced.
Economics
A term to describe one currency in terms of another is
a. Interest rates b. Market price c. Inflation rate d. Exchange rate
Economics