In a closed economy without the government, income equals:
A) aggregate savings plus aggregate investment. B) aggregate consumption.
C) aggregate savings. D) aggregate savings plus aggregate consumption.
D
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Which of the following is a problem that arises in a health insurance market?
A) There are a large number of buyers of various insurance programs. B) There exists a fierce competition between the insurance providers. C) A disproportionate number of high-risk individuals are attracted to buy insurance. D) Only risk-averse individuals buy insurance.
The main public policies targeted at achieving growth in high-income countries are _________ policies focused on investment, including investments in human capital, technology, and physical plant and equipment.
a. immigration b. taxation c. command d. fiscal
If a nation is experiencing an inflow of capital and a balance of trade deficit, this is a problem if
a. the capital inflow is channeled into productive projects. b. the capital inflow is channeled into unproductive projects. c. the country's rate of unemployment is low. d. the investment rate of the country is already high.
Along the same indifference curve, MRS is ________ as more of one good is obtained.
A. decreasing B. constant C. increasing D. varying irregularly