The largest component of aggregate expenditure is
A. government purchases.
B. exports.
C. consumption.
D. investment.
Answer: C
Economics
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Total surplus measures the
a. loss to buyers from paying higher prices plus the benefit to sellers from receiving lower prices. b. buyers' willingness to pay less the sellers' costs. c. fairness of the distribution of resources in society. d. value to the government of goods and services sold in society.
Economics
What is the difference between retained earnings and dividends?
What will be an ideal response?
Economics