When actual investment exceeds intended investment, national income will grow
Indicate whether the statement is true or false
F
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The price of borrowing is known as the:
A. equilibrium price. B. interest rate. C. transaction cost. D. None of these is true.
Goods are distributed among people by means of:
a. a central authority b. prices c. markets d. all of these
Jack buys a computer from Sam, knowing fully well that the technology used in it is obsolete. In this case, the trade is
A. beneficial to both parties. B. beneficial only to Sam. C. beneficial only to Jack. D. not beneficial to either of them.
Suppose the government taxes the wealthy at a higher rate than it taxes the poor and then develops programs to redistribute the tax revenue from the wealthy to the poor. This redistribution of wealth
a. is more efficient and more equal for society. b. is more efficient but less equal for society. c. is more equal but less efficient for society. d. is less equal and less efficient for society.