Suppose that Figure 7.4 shows an industry's market demand, its marginal revenue, and the production costs of a representative firm. If the industry was perfectly competitive, it would produce a quantity of:

Based on Table 9.2, total savings, private plus public, is equal to

A) 3 percent of GNP. B) 18 percent of GNP. C) 16 percent of GNP. D) 20 percent of GNP. E) None of the above.

A U.S. international corporation will produce in other countries if costs are lower there

Indicate whether the statement is true or false