A higher desired level of capital and investment will result from ________

A) a decrease in productivity
B) a fall in expected future output
C) a depressed economy
D) a booming economy

D

Economics

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To measure GDP by using the income approach, we must add all incomes and then ________ depreciation and ________ net taxes less subsidies

A) add; neither add nor subtract B) add; add C) add; subtract D) subtract; add E) neither add nor subtract; add

Economics

Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If the price of burger increases, which of the following bundles are in Max's opportunity set?

A) b, d, e B) d, e C) a, b, c, d, e D) None of the labeled points are in Max's opportunity set.

Economics