Author Question: Property rights allowing individuals to own goods, services, and factors of production are most ... (Read 82 times)

PhilipSeeMore · **on:** Jun 30, 2018

Property rights allowing individuals to own goods, services, and factors of production are most important in:
a. socialistic economies. b. planned economies.
c. capitalistic economies. d. command economies.

Question 2

Suppose real GDP is 800 billion when the MPC is 0.80, and people decide to increase their saving by 30 billion. Before this change, the economy was in equilibrium with people intending to save 100 billion and producers intending to invest 100 billion. The new equilibrium level of real GDP is:
a. 600 billion.
b. 650 billion.
c. 680 billion.
d. 730 billion.
e. 800 billion.