Saving
A) slows growth because it decreases consumption.
B) finances investment which brings capital accumulation.
C) has no impact on economic growth.
D) is very low in most East Asian nations.
E) is important for a country to gain the benefits of international trade.
B
Economics
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A monopolistically competitive firm shuts down in the short run if ________
A) marginal revenue equals marginal cost B) total revenues do not cover variable costs C) marginal revenue covers average fixed costs D) average total cost exceeds price
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Refer to the scenario above. The interest earned on the sum deposited is:
A) $300. B) $1,000. C) $1,300. D) $2,300.
Economics