For the typical consumer, present consumption is
a. preferred to future consumption
b. not preferred to future consumption
c. preferred to future saving
d. not preferred to future saving
e. financed out of present saving
A
Economics
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Which of the following will lead to a decrease in the gross domestic product of a country?
A) An increase in the expenditure on investment B) An increase in exports C) A decrease in the expenditure incurred by the government D) A decrease in imports
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The deadweight loss incurred when the market in the above figure is a single-price monopoly rather than perfectly competitive is the area
A) cab. B) fcd. C) bed. D) fae.
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