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Author Question: In a closed economy, what is the relationship between saving and investment? A) Saving is greater ... (Read 157 times)

OSWALD

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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
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ngr69

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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.
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OSWALD

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Reply #2 on: Jun 29, 2018
Thank you


ngr69

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Reply #3 on: Jun 29, 2018
No problemo


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