In a closed economy, national saving equals
a. investment.
b. income minus the sum of consumption and government purchases.
c. private saving plus public saving.
d. All of the above are correct.
d
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Extensive government restrictions on the use of capital are likely to
A) result in capital resources being devoted to their most efficient uses. B) enhance economic growth. C) enhance economic freedom. D) create dead capital.
The study of the choices made by individual households, firms, and government is called
A) managerial economics. B) market economics. C) macroeconomics. D) microeconomics.
In the new Keynesian models,
a. imperfect competition comes is the result of optimizing behavior by individuals. b. perfect competition is assumed with respect to the product market c. a natural monopoly is presumed for the product market. d. both a and c. d. None of the above
By owning common stock in a corporation, one has the right to
a. a position on the board of directors b. a job with the company c. help manage the company d. vote at shareholder meetings e. a guaranteed profit