Author Question: As the interest rate increases, the opportunity cost of a. both c and e are correct b. past ... (Read 55 times)

scienceeasy

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As the interest rate increases, the opportunity cost of
 a. both c and e are correct
  b. past consumption decreases
  c. saving increases
  d. current consumption increases
  e. borrowing decreases

Question 2

Utopia would be a debtor nation
 a. if consumers in other countries bought goods and services from Utopia
  b. only if it had a deficit in its current account
  c. only if it had a deficit in its balance of goods and services
  d. if it had a deficit in its balance of trade
  e. if it had a deficit after adding together the balances in both its current account and its capital account



Mholman93

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Answer to Question 1

D

Answer to Question 2

B



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