According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would
a. raise both national saving and private saving.
b. raise national saving and reduce private saving.
c. leave national saving and private saving unchanged.
d. leave national saving unchanged and reduce private saving.
d
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With a monopoly, the total surplus is lower than it would be with a perfectly competitive industry.
Answer the following statement true (T) or false (F)
Platform businesses often don't charge people for their product. They do this because:
A. they earn income by mining the data they collect. B. they are paid by government. C. serving the public is what is meant by platform. D. they gain goodwill by not charging for their product.
The saving function is
A) cY. B) Y - T. C) (1 - c)(Y - T). D) -a + (1 - c)(Y - T).
The quote, "If I have seen farther than others, it is because I have stood on the shoulders of giants" is attributed to ________
A) Albert Einstein B) Paul Romer C) Friedrich Nietszche D) Sir Isaac Newton