a. assumptions. b. theories. c. details. d. equations.
c
Use the above figure. The profit-maximizing or loss minimizing output and price will be
A) Q1 and P2. B) Q2 and P3. C) Q3 and P3. D) Q4 and P1.
Which of the following equations describes a trade surplus?
a. G < C b. X > M c. X > I d. C < M
