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Author Question: In a closed economy, private saving, , is equal to A) I - (G - T). B) I + (G - T). C) I + (G + ... (Read 77 times)

jho37

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

Question 2

In the specific factors model, which of the following will increase the quantity of labor used in cloth production?
 
  A) an increase in the price of cloth relative to that of food
  B) an increase in the price of food relative to that of cloth
  C) a decrease in the price of labor
  D) an equal percentage decrease in the price of food and cloth
  E) an equal percentage increase in the price of food and cloth


taylorsonier

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

B

Answer to Question 2

A


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