there is a trade-off between the amount of consumption that people can enjoy today and the amount of consumption that they can enjoy in the future because
What will be an ideal response?
to increase consumption in the future households must save, thus providing funds for investment. correct
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In the above figure, as the y variable increases,
A) the x variable is constant. B) the x variable increases. C) the x variable decreases. D) the x variable at first increases but then decreases. E) the x variable probably changes, but more information is needed to determine if it increases, decreases, or stays the same.
The figure above shows the market for annual influenza immunizations the United States. If the government does not intervene in this market, deadweight loss equals ________
A) $350 million B) $250 million C) $500 million D) $600 million E) $37.5 million
Economists disagree as to whether
a. the stock price of a company should reflect the company's expected profitability. b. the basic tools of finance reflect valid ideas. c. stock prices reflect rational estimates of a company's true worth. d. there is any relationship between stock market fluctuations and fluctuations in the economy more broadly.
If price is above average total costs, the firm
A) is earning positive profits. B) is earning negative profits. C) is making a normal rate of return on its capital investment. D) may be earning a positive or negative profit depending upon costs.