« previous next »

Author Question: Briefly explain how the miserliness of Ebenezer Scrooge might actually be beneficial for economic ... (Read 102 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jun 29, 2018
Briefly explain how the miserliness of Ebenezer Scrooge might actually be beneficial for economic growth.
 
  What will be an ideal response?

Question 2

Refer to Scenario 25-2. As a result of Kristy's deposit, Bank A can make a maximum loan of
 
  A) 2,000. B) 8,000. C) 10,000. D) 50,000.


karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Reply #1 on: Jun 29, 2018
Answer to Question 1

Ebenezer Scrooge is known for his unwillingness to spend money. Refusing to use his money for consumption spending, Scrooge saves his money instead. This saving then becomes available for firms to borrow to finance the building of new factories or research and development. Since growth in the capital stock and technological advance are keys to economic growth, the stingy Scrooge may actually promote economic growth.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Social Capability and Economic Growth Social Capability and Economic Growth
economic question economic question
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Video: Knee Animation

For a complete list of videos, visit our video library