In national income accounting, we use which of the following pairs of terms interchangeably?
a. "investment" and "private saving"
b. "investment" and "purchases of stocks and bonds"
c. "saving" and "national saving"
d. "public saving" and "government tax revenue minus government spending"
d
Economics
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The inclusion of external benefits in the decision making process determining equilibrium price and quantity leads to
A) lower priced items and increased quantity. B) lower priced items and a decline in quantity. C) higher priced items and increased quantity. D) higher priced items and a decline in quantity.
Economics
In perfect competition, an increase in the firm’s fixed costs lead to
A. a drop in the firm’s output. B. an increase in the firm’s output. C. an increase in its total costs. D. a drop in industry output.
Economics