This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a closed economy, what is the relationship between saving and investment? A) Saving is greater ... (Read 159 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jun 29, 2018
In a closed economy, what is the relationship between saving and investment?
 
  A) Saving is greater than investment.
  B) Investment may be greater or smaller than saving.
  C) Investment is greater than saving.
  D) Investment is equal to saving.

Question 2

The total value to society of having garbage removed is greater than the value of baseball games. Why, then, are baseball players paid more than garbage collectors?
 
  A) Garbage removal results in significant external benefits that are not captured in the price paid for garbage removal. As a result, wages of garbage collectors do not reflect their social benefits.
  B) There is greater competition in the garbage collection industry than there is in Major League Baseball.
  C) Wages do not depend on total values but marginal values. The marginal revenue product of baseball players exceeds the marginal revenue product of garbage collectors.
  D) Although the total value of garbage removal is greater than the total value of baseball, wages are determined by average values.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ngr69

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


OSWALD

  • Hero Member
  • *****
  • Posts: 580
Reply #2 on: Jun 29, 2018
Thank you


ngr69

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

How genes produce proteins that determine traits in a simple dominant-recessive relationship. How genes produce proteins that determine traits in a simple dominant-recessive relationship.
Relationship of the spindle-assembly checkpoint (SAC) with the cell-cycle machinery Relationship of the spindle-assembly checkpoint (SAC) with the cell-cycle machinery
Relationship between winter rainfall and chuckwalla, Sauromalus, size Relationship between winter rainfall and chuckwalla, Sauromalus, size
Relationship between fruit radius and beak length in populations of native and introduced species of Relationship between fruit radius and beak length in populations of native and introduced species of
standard reduction potential (Eo), the greater the tendency of the oxidized form of a redox couple standard reduction potential (Eo), the greater the tendency of the oxidized form of a redox couple
economy manegment economy manegment
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library