A difference between the market and the public sector is that
A) scarcity exists only in the market sector.
B) government can use force, while the market does not.
C) we can only vote in the public sector.
D) the cost of private goods to society is zero.
Answer: B
Economics
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The classical economists argued that planned saving and planned investment will always be equal because of changes in
A) the level of real disposable income. B) the interest rate. C) the price level. D) wages.
Economics
Real GDP is the product of the
A. total hours of work times the labor force. B. labor force times the output per hour. C. nation’s capital stock times the output per hour. D. total hours of work times the output per hour.
Economics