Assume a country is closed. Given this information, which of the following must occur?
A) demand for domestic goods will be less than the domestic demand for goods
B) demand for domestic goods will be greater than the domestic demand for goods
C) S + T = I + G
D) a budget surplus exists
E) S = I
C
Economics
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Steve has two choices for taking classes. Each is three credits and meets three hours a week, so we assume they have equal monetary costs. If Steve chooses to take a modern dance class instead of an economics class, it must be that for Steve the opportunity cost of taking a modern dance class exceeds the opportunity cost of taking an economics class.
Answer the following statement true (T) or false (F)
Economics
Producers are willing to offer greater quantities for sale at higher prices because
What will be an ideal response?
Economics