Consider two countries-country A and B. Both countries are exactly similar in all aspects except for one. In country B it is possible for entrepreneurs to borrow money from banks and financial markets
While in country A, there is no loan for entrepreneurshiA) Country A is likely to grow faster than country B.
B) Country B is likely to grow faster than country A.
C) Both countries are likely to grow at the same rate.
D) Resources are likely to be over consumed in country A and under consumed in country B.
B
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Figure 8-1
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Based on the scatter diagram in Figure 8-1, if real disposable income is $800 billion, the consumption spending would be approximately
A. $800 billion. B. $650 billion. C. $540 billion. D. $420 billion.
If demand for a good decreases and supply remains constant equilibrium price:
a. Will increase, and equilibrium quantity will decrease b. And quantity will both increase c. And quantity will both decrease d. Will decrease, and equilibrium quantity will increase