In an economy with no government and no international trade, consumption expenditures will be less than the total value of goods and services when
A) people save some of their income.
B) people barter rather than use money in making exchanges.
C) saving is zero.
D) investment is zero.
A
You might also like to view...
The higher the level of inflation, the stronger the impact of reductions in the personal income tax on real GDP
a. True b. False Indicate whether the statement is true or false
Some evidence suggested that intra-industry trade between similar countries had a _______ impact on domestic workers but later evidence indicates that it all depends on how ______ the labor market is.
a. small; sticky b. large; sticky c. small; flexible d. large; flexible
The Laffer curve suggests that if tax rates get too _____, the government's tax revenues will _____.
A. high; fall B. high; rise C. low; fall D. low; rise
Pollution is an example of:
A. Inefficiency by the polluting firm. B. Market failure. C. Government transfers. D. Economic instability.