Which of the following best illustrates deciding how to produce a specific product?
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should we produce jeans with expensive machinery or less expensive labor?
can we market our jeans to teenagers or focus on people in their twenties?
do we have enough customer support to charge more for our jeans?
are jeans still "in," or should we develop a line of skirts instead?
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In a small, closed economy, national income (gdp) is $350 million for the current year. individuals have spent $100 million on the consumption of goods and services. they have paid a total of $60 million in taxes and the government has spent $75 million on goods and services this year. use this information and the national income identity to answer the questions. how much does the economy spend on investment?