What does the demand curve for a product reflect?
a) the quantity consumers are able to purchase
b) the value of the product to consumers
c) the cost of the product to consumers
d) the price the product will sell for in the market
Ans: b) the value of the product to consumers
Economics
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A country has a current account surplus of $256 billion. This implies that ________
A) net factor payments from abroad is negative B) payments received from foreigners exceed payments to foreigners C) net transfers from abroad is negative D) its imports exceed its exports by $256 billion
Economics
Refer to Figure 13-4. What is the area that represents the total revenue made by the firm?
A) 0P0aQa B) 0P2cQa C) 0P1bQa D) 0P3dQa
Economics