If a person wishes to maximize their satisfaction from the consumption of a free product, they should consume until

In a small open economy, when exports exceed imports, all of the following are true EXCEPT

A) net capital outflows are positive. B) net exports are positive. C) domestic investment exceeds domestic saving. D) domestic output exceeds spending.

In a market economy, we know that a resource has become scarcer when

a. its price rises relative to other prices. b. it is non-renewable and some of it is used. c. people search for substitutes. d. All of the above are correct.