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Author Question: Refer to Scenario 21-1. Based on the information above, what is the level of public saving? A) 0 ... (Read 24 times)

michelleunicorn

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on: Jun 29, 2018
Refer to Scenario 21-1. Based on the information above, what is the level of public saving?
 
  A) 0 B) 1 trillion
  C) 2 trillion D) negative 1 trillion (a deficit of 1 trillion)

Question 2

Perfectly competitive firms produce up to the point where the price of the good equals the marginal cost of producing the last unit. This condition is referred to as
 
  A) allocative efficiency. B) constant returns to scale.
  C) perfectly competitive efficiency. D) productive efficiency.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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lolol

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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