Under which of the following circumstances would private saving be positive in a closed economy?
A) Y = $6 trillion
C = $2 trillion
TR = $8 trillion
G = $3 trillion
public saving = $1 trillion B) Y = $10 trillion
C = $5 trillion
TR = $2 trillion
G = $2 trillion
public saving = $1 trillion
C) Y = $8 trillion
C = $2 trillion
TR = $4 trillion
G = $2 trillion
public saving = $4 trillion D) Y = $9 trillion
C = $5 trillion
TR = $1 trillion
G = $1 trillion
public saving = $3 trillion
B
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A sale in which property or a service is sold to the highest bidder is called a(n)
A) auction. B) bidder sale. C) competitive market. D) Austrian bundle.
A firm charging prices below marginal cost is said to be engaged in
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