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 138 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?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Open, or compound The fracture projects through the skin and there is a possibility of infection or Open, or compound The fracture projects through the skin and there is a possibility of infection or
The cardiovascular system. A schematic view of the closed circulation of blood. The heart is section The cardiovascular system. A schematic view of the closed circulation of blood. The heart is section
Greater wings Greater wings
When the engine is cold and before the oxygen sensor is hot enough to achieve closed-loop, the ... When the engine is cold and before the oxygen sensor is hot enough to achieve closed-loop, the ...
Japan’s Economy and Society Japan’s Economy and Society
The Dose-Effect Relationship, Showing (A) Drug Potency and (B) Drug Efficacy (Or Effectiveness) The Dose-Effect Relationship, Showing (A) Drug Potency and (B) Drug Efficacy (Or Effectiveness)
Video: Optic Nerve and Optic Disk Animation (Part 1 of 2)

For a complete list of videos, visit our video library