If domestic saving is less than domestic investment, then a country will have a ________ and positive net capital ________.

A. trade balance; inflows
B. trade deficit; outflows
C. trade surplus; outflows
D. trade deficit; inflows

Answer: D

Economics

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Refer to Figure 9.3. If the government establishes a price ceiling of $1.00, the resulting deadweight loss will be

A) $1.50. B) $200. C) $150. D) $300. E) $600.

Economics

Exhibit 6-10 Short-run cost schedule for book publisher's hourly production TotalOutput TotalVariable Cost TotalCost 0 cases of books $    0 $200 1   100   300 2   150   350 3   250   450 4   450   650 In Exhibit 6-10, the average variable cost of producing 2 cases of books is:

A. $50 per case. B. $75 per case. C. $100 per case. D. $150 per case.

Economics