This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Under which of the following circumstances would private saving be positive in a closed economy? ... (Read 196 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Under which of the following circumstances would private saving be positive in a closed economy?
 
  A) Y = 6 trillion
  C = 2 trillion
  TR = 8 trillion
  G = 3 trillion
  public saving = 1 trillion B) Y = 10 trillion
  C = 5 trillion
  TR = 2 trillion
  G = 2 trillion
  public saving = 1 trillion
  C) Y = 8 trillion
  C = 2 trillion
  TR = 4 trillion
  G = 2 trillion
  public saving = 4 trillion D) Y = 9 trillion
  C = 5 trillion
  TR = 1 trillion
  G = 1 trillion
  public saving = 3 trillion

Question 2

Refer to Figure 2-6. If the economy is currently producing at point E, what is the opportunity cost of moving to point B?
 
  A) 30 thousand wrenches B) 10 thousand hammers
  C) 13 thousand hammers D) 0 wrenches


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


acc299

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 29, 2018
Thank you


helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Positive and Negative Symptoms of Schizophrenia Positive and Negative Symptoms of Schizophrenia
Positive and Negative Symptoms of Schizophrenia Positive and Negative Symptoms of Schizophrenia
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
Testing an oxygen sensor using a DMM set on DC volts. With the engine operating in closed loop, ... Testing an oxygen sensor using a DMM set on DC volts. With the engine operating in closed loop, ...
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library