A country has output of $900 billion, consumption of $600 billion, government expenditures of $150 billion and investment of $120 billion. What is its supply of loanable funds?

In 2012, Trailblazer Bicycle Company produced a mountain bike that was delivered to a retail outlet in November 2012. The bicycle was sold to E.Z. Ryder in March 2013. This bicycle is counted as:

A. consumption in 2012 and as negative investment in 2013. B. negative investment in 2012 and as consumption in 2013. C. negative investment in 2012 and as investment in 2013. D. investment in 2012 and as negative investment in 2013.

The saying that "You cannot have your cake and eat it too" illustrates the economic concept of

A. a positive statement. B. physical capital. C. a normative statement. D. opportunity cost.