Consider a closed economy without a government and without international trade. What will be TRUE when this economy is in equilibrium?
A) Planned real consumption spending equals real GDP.
B) Total planned real investment spending will exceed total planned real expenditures.
C) Planned real consumption spending plus planned real investment spending equals real GDP.
D) Planned real investment spending will exceed real planned saving.
C
Economics
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In the figure above, with international trade U.S. consumers buy ________ million T-shirts per year at ________ per T-shirt
A) 60; $5 B) 40; $8 C) 20; $5 D) 40; $5 E) 60; $11
Economics
If total utility from consuming two cups of coffee is 20 utils, and if the total utility from consuming three cups of coffee is 25 utils, then which of the following is the marginal utility of the third cup of coffee?
A. 0. B. 5. C. 20. D. 25.
Economics