If P > ATC then economics profits are positive

Refer to Figure 18.4. With free trade, what is the equilibrium quantity of gloves in Duckland?

A) 100 B) 80 C) 60 D) 40

In a closed economy, national saving

A) sometimes equals investment. B) always equals investment. C) is always less than investment. D) is always more than investment. E) is never equal to investment.