Saving is
a. the sum of the funds people hold in their checking accounts.
b. after-tax income that is not spent on consumption.
c. always equal to consumption.
d. equal to disposable income plus consumption.
B
Economics
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A government grant that gives an inventor the exclusive right or privilege to make, use, or sell his or her invention is known as
A) a negative externality. B) a patent. C) a protectionism clause. D) a positive externality.
Economics
Refer to Table 9-5. The required reserve ratio is 10%. What is the amount of Bolton Bank's required reserves?
A) $30 million B) $70 million C) $100 million D) $300 million
Economics