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Author Question: Under which of the following circumstances would private saving be positive in a closed economy? ... (Read 201 times)

acc299

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on: Jun 29, 2018
Under which of the following circumstances would private saving be positive in a closed economy?
 
  A) Y = 6 trillion
  C = 2 trillion
  TR = 8 trillion
  G = 3 trillion
  public saving = 1 trillion B) Y = 10 trillion
  C = 5 trillion
  TR = 2 trillion
  G = 2 trillion
  public saving = 1 trillion
  C) Y = 8 trillion
  C = 2 trillion
  TR = 4 trillion
  G = 2 trillion
  public saving = 4 trillion D) Y = 9 trillion
  C = 5 trillion
  TR = 1 trillion
  G = 1 trillion
  public saving = 3 trillion

Question 2

Refer to Figure 2-6. If the economy is currently producing at point E, what is the opportunity cost of moving to point B?
 
  A) 30 thousand wrenches B) 10 thousand hammers
  C) 13 thousand hammers D) 0 wrenches


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helenmarkerine

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


acc299

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Reply #2 on: Jun 29, 2018
Thank you


helenmarkerine

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Reply #3 on: Jun 29, 2018
No problemo


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