Private saving equals:

a. Y - C - T + TR
b. Y + C + T + TR
c. Y + C + T - TR
d. Y + C - T - TR

a

Economics

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Which of the following is included in the narrow definition of the money supply?

a. Cash in bank vaults b. Savings deposits c. Money market mutual fund accounts d. Negotiable certificates of deposit e. Checkable deposits

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Comparative advantage indicates that:

a. specialization and exchange will permit trading partners to maximize their joint consumption. b. a nation can gain from trade only if it is not at an absolute disadvantage in producing all goods. c. a nation can gain from trade only when its trading partners are not low-wage countries. d. countries should export products for which they are high-opportunity cost producers.

Economics