QuizMaster A. Actual injections = actual withdrawals
B. Planned injections = planned withdrawals
C. Savings = investment
D. Government spending = tax revenue
A. National income will increase
B. National income will decrease
C. National income will stay in equilibrium
D. Price will fall
A. Decrease tax receipts
B. Worsen the balance of trade
C. Automatically cause an increase in government spending
D. causes an increase in injections into the economy
A. Likely in increase exports
B. Likely to decrease savings
C. Likely to decrease investment
D. Likely to increase spending on imports
A. The government
B. holders
C. Employees
D. The community
A. Average revenue equals average variable cost
B. Marginal revenue equals marginal cost
C. Average revenue equals marginal cost
D. Average revenue equals average cost
A. The total cost equals demand
B. The average revenue equals the marginal revenue
C. The price equals the average cost
D. The price equals the marginal cost
A. Revenue – fixed costs
B. Fixed cost + revenue
C. Revenue – sales
D. Revenue – total costs
A. Marginal cost is zero
B. Marginal revenue is maximised
C. Marginal revenue is zero
D. Marginal revenue equals marginal cost
A. Enable abnormal profits to be made in the long run
B. Enable losses to be made in the long run
C. Enable abnormal profits to be made in the short run only
D. Occur in perfect competition