The supply of loanable funds, or "national saving," is equal to:
A. income ? consumption.
B. income ? consumption ? taxes.
C. income ? consumption ? government spending.
D. income ? consumption ? government spending ? taxes.
Ans: C. income ? consumption ? government spending.
Economics
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Price and quantity in Bertrand and Cournot models
A) are the same. B) are different. C) might be the same depending on whether the products are identical or differentiated. D) are the same as in a duopoly.
Economics
Refer to the figures. Which figure(s) represent(s) a situation where firms are likely to hold inventories to accommodate unexpected changes in demand?
A. A only.
B. B only.
C. Both A and B.
D. Neither A nor B.
Economics