Which of the following individuals is a supplier of loanable funds in the economy?
a. Sam, a software developer, who uses his saving to buy a share of his company every three months
b. Joe, a cab driver, who keeps his income as cash inside a locker in his house
c. Lina, a hair stylist, who spends her income to buy new cosmetics for her parlor
d. Moe, a farmer, who spends his income to buy food for homeless people
a
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A movement from a point inside the production possibilities frontier to a point on the production possibilities frontier represents
A) a tradeoff. B) a free lunch. C) full employment of labor but not capital. D) unemployment of labor but not capital. E) an infinite opportunity cost.
An extra dollar into the Social Security trust fund _____
a. increases the assets of the federal government by a dollar b. decreases the assets of the federal government by a dollar c. has no impact on the assets of the federal government d. speeds up the time until insolvency of the trust fund