In national income accounting, (S + T) is
A) the portion of total income not consumed.
B) net national product.
C) the methods of financing the government deficit.
D) the final output firms absorb as investment.
A
Economics
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Suppose that the quantity of cars demanded exceeds the quantity of cars supplied. We would expect that
A) the price of cars will increase. B) the price of cars will decrease. C) the supply will increase (supply will shift to the right) to meet the demand. D) the demand will decrease (demand will shift to the left) to meet the supply.
Economics
As corn prices rise, salsa sales tend to fall. This an example of:
A. a positive correlation. B. inferior goods. C. two uncorrelated events. D. a negative correlation.
Economics