Author Question: Savings are good for a family. If all families increase savings, the economy is better off. This ... (Read 67 times)

waynest · **on:** Jun 30, 2018

Savings are good for a family. If all families increase savings, the economy is better off. This fallacy of composition is called:
a. the paradox of time.
b. the paradox of dissaving.
c. the paradox of thrift.
d. the paradox of value.
e. the paradox of choice.

Question 2

If input prices fall, it will lower the cost of production, causing the supply curve to shift to the right.
a. True
b. False
Indicate whether the statement is true or false