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

Author Question: Consider a closed economy without the government. If the savings rate in the economy is 20 and the ... (Read 104 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jun 30, 2018
Consider a closed economy without the government. If the savings rate in the economy is 20 and the aggregate savings is 10,000, the aggregate consumption in the economy is:
 
  A) 37,000. B) 45,000. C) 10,000. D) 50,000.

Question 2

A monetary system is preferable over the barter system because of the problems associated with
 
  A) the law of diminishing marginal utility. B) the law of increasing relative costs.
  C) the double coincidence of wants. D) cash leakages.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


bobbysung

  • Hero Member
  • *****
  • Posts: 519
Reply #2 on: Jun 30, 2018
Correct answers!


dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

The role of leptin in regulating appetite and metabolic rate. The role of leptin in regulating appetite and metabolic rate.
Gate Control Theory, Gate control, Open gate, Closed gate, Pain, Nerve transmission of pain, Pain ma Gate Control Theory, Gate control, Open gate, Closed gate, Pain, Nerve transmission of pain, Pain ma
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
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
Japan’s Economy and Society Japan’s Economy and Society
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library