Author Question: If planned spending exceeds planned output in an economy, the result is a(n) _____. a. increase in ... (Read 124 times)

debasdf · **on:** Jun 30, 2018

If planned spending exceeds planned output in an economy, the result is a(n) _____.
a. increase in inventories
b. decrease in gross domestic product
c. decrease in imports
d. increase in government purchases
e. unintended decrease in inventories

Question 2

According to Garrett Hardin's view of The Tragedy of the Commons:
a. Externalities will be internalized by the market.
b. Individuals will use the commons up to the point where marginal benefits equal marginal social costs.
c. Individuals will create institutions to prevent the collapse of the commons.
d. Individual will use the commons beyond the socially efficient point.