Author Question: In a closed economy, private saving, , is equal to A) I - (G - T). B) I + (G - T). C) I + (G + ... (Read 78 times)

jho37 · **on:** Jun 30, 2018

In a closed economy, private saving, , is equal to

A) I - (G - T).
B) I + (G - T).
C) I + (G + T).
D) I - (G + T).
E) I + (G - T) + C.

Question 2

In the specific factors model, which of the following will increase the quantity of labor used in cloth production?

A) an increase in the price of cloth relative to that of food
B) an increase in the price of food relative to that of cloth
C) a decrease in the price of labor
D) an equal percentage decrease in the price of food and cloth
E) an equal percentage increase in the price of food and cloth

taylorsonier · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

A

Author Question: In a closed economy, private saving, , is equal to A) I - (G - T). B) I + (G - T). C) I + (G + ... (Read 78 times)

jho37

In a closed economy, private saving, , is equal to A) I - (G - T). B) I + (G - T). C) I + (G + ...

taylorsonier

In a closed economy, private saving, , is equal to A) I - (G - T). B) I + (G - T). C) I + (G + ...

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