In a closed economy, what is the relationship between saving and investment?
A) Saving is greater than investment.
B) Investment is greater than saving.
C) Investment is equal to saving.
D) Investment may be greater or smaller than saving.
Answer: C
Economics
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What determines how a change in prices will affect total revenue for a company?
a) elasticity of demand b) the company's pricing policy c) values of elasticity d) the consumers' income
Economics
Refer to Figure 12-4. If the market price is $30, the firm's profit-maximizing output level is
A) 0. B) 130. C) 180. D) 240.
Economics