If saving is greater than domestic investment, then
a. there is a trade deficit and Y > C + I + G.
b. there is a trade deficit and Y < C + I + G.
c. there is a trade surplus and Y > C + I + G.
d. there is a trade surplus and Y < C + I + G.
c
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Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. What is the value of consumption in equilibrium?
A) 32 B) 80 C) 240 D) 320
Joy is training to become a chef. The skills she is obtaining from her training and education will increase Joy's ________
A) human capital B) physical capital C) entrepreneurship D) None of the above answers are correct.
A transfer of money from a NOW account to a money market fund causes
a. M1 to fall. b. M2 to rise. c. M3 to rise. d. both M1 to fall and M2 to rise.
Capital gains are profits that you earn on the sale of your
A. labor. B. money. C. financial asset. D. economics textbook.