A perfectly competitive producer faces a demand curve for its own product that is
A) downward sloping.
B) upward sloping.
C) horizontal.
D) vertical.
Answer: C
Economics
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In 2014, GDP per capita was ________ in the United States than in China, and since 1980, the growth rate of real GDP per capita has been ________ in the United States than in China
A) lower; lower B) higher; lower C) lower; higher D) higher; higher
Economics
Suppose output is $440 billion, government purchases are $40 billion, desired consumption is $320 billion, and net exports are $35 billion. Then desired investment equals
A) $20 billion. B) $30 billion. C) $35 billion. D) $45 billion.
Economics