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Author Question: In an open economy, private saving, , is equal to A) I - CA + (G - T). B) I + CA - (G - T). C) ... (Read 88 times)

mp14

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on: Jun 30, 2018
In an open economy, private saving, , is equal to
 
  A) I - CA + (G - T).
  B) I + CA - (G - T).
  C) I + CA + (G - T).
  D) I - CA - (G - T).
  E) I + CA + (G + T).

Question 2

In the specific factor model, the effect of an increase in the productivity of labor in the production of cloth will cause a(an) ________ in the quantity of labor used to produce cloth, a(an) ________ in the quantity of labor used to produce food and
 
  a(an) ________ in the wage rate. A) increase; decrease; increase
  B) decrease; increase; increase
  C) increase; decrease; decrease
  D) decrease; increase; no change
  E) increase; increase; no change


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Jody Vaughn

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


mp14

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

xthemafja

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Reply 3 on: Yesterday
Excellent

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