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Author Question: In order to encourage domestic saving, it is necessary to have: a. a laissez faire economy. b. a ... (Read 63 times)

pane00

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on: Jun 30, 2018
In order to encourage domestic saving, it is necessary to have:
 a. a laissez faire economy.
  b. a balanced fiscal budget.
  c. a large number of government subsidies.
  d. a stable system of property rights.
  e. a highly developed banking system.

Question 2

The difference between the amount a consumer is willing to pay and the amount they actually must pay for a good is called the:
 a. price elasticity of demand.
 b. substitution effect.
 c. consumer surplus.
 d. income elasticity of demand.


manuelcastillo

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

d

Answer to Question 2

c


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