An increase in total revenue will result if

Consumers often purchase products that, afterward, they regret purchasing. This can be explained by

A) consumers trying products to determine if their consumer surplus increases. B) consumers trying products to determine if firm advertising is honest. C) consumers trying to minimize expenditures. D) consumers trying to maximize choice.

In a large open economy like the United States, an increased government budget deficit which reduces national saving

A. has no effect on investment, but reduces the current account balance. B. reduces investment and improves the current account balance. C. has no effect on either investment or the current account balance. D. reduces investment and reduces the current account balance.