Which of the following equations is correct?
a. Y = C + I + G + NCO
b. NX = NCO
c. NCO = S - I
d. All of the above are correct.
d
Economics
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The demand curve for a perfectly competitive firm is
A) elastic at relatively high prices and inelastic at relatively low prices. B) perfectly elastic. C) perfectly inelastic. D) unitary elastic.
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Which of the following is a government response to asymmetric information?
A) product guarantees B) external product certification C) manufacturer's warranties D) government licensing
Economics