If consumption = $5,000; investment = $800, government purchases = $700, exports = $30, imports = $60, and transfer payments = $340, then _____

In the Solow model, which of the following is an endogenous variable?

A) output per worker B) government spending C) the saving rate D) the depreciation rate

If a monopolized industry should become purely competitive without any change in cost conditions:

A. both price and quantity produced will decrease. B. both price and quantity produced will increase. C. price will increase and quantity produced will decrease. D. price will decrease and quantity produced will increase.