Using the data in the above table, what is the value of national saving?
A) $1,202 billion
B) $2,837 billion
C) $1,053 billion
D) -$85 billion
C
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The majority of spending in the government purchases category comes from the federal government
Indicate whether the statement is true or false
Sale of a popular energy drink called 7D was banned in Bonland after a study revealed that one of its ingredients increases the risk of cancer. This legislation is an example of ________
A) paternalism B) consumer sovereignty C) indirect regulation D) internalization of externalities
Those costs implied by alternatives given up are
a. explicit costs. b. historical costs. c. outlay costs. d. implicit or opportunity costs.
Investments that are mistakenly made and generate losses
a. will occur when future revenues are known with certainty. b. indicate that the capital market is incapable of generating wealth. c. are normal costs of developing new projects and technologies in a world of uncertainty. d. will not occur when capital markets are operating efficiently.