Author Question: At the equilibrium level of income, the value of consumption is equal to A) (consumption - ... (Read 22 times)

big1devin · **on:** Jun 30, 2018

At the equilibrium level of income, the value of consumption is equal to

A) (consumption - savings). B) (income - investment).
C) (savings + investment). D) (income + investment).

Question 2

Initially, the creation of railroads was opposed in some countries because:

A) it was likely to increase poverty.
B) it was likely to increase the cost of trade.
C) it was likely to provide more power to monarchs and rulers.
D) it was likely to initiate creative destruction.